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define how you measure the size of the economy

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17y ago

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Define Loose Money Policy?

Much Money is available at relatively low interest rates, so the economy expands.


Define Trade policy?

a policy for trading.


Is a mixed economy basically a command economy?

No, a mixed economy is basically a market economy with regulations and industrial policy.


Controlling money to influence the economy is called?

Fiscal policy is the controlling of money to have an overall influence of the economy. Fiscal policy is based on ideas from economist John Maynard Keynes.


What is the purpose of macroeconomic policy?

Macroeconomics is the study of the economy as a whole. Macroeconomic policy can be split into two branches: 1. Fiscal policy, which is the use of government spending to affect the economy. 2. Monetary policy, the process by which governments set the money supply.


What has the author Pritam Singh written?

Pritam Singh has written: 'Punjab economy' -- subject(s): Economic conditions, Economic policy 'Political economy of the Punjab' -- subject(s): Economic policy, Social policy


When the government lowers the income tax to stimulate the economy it is an example of what kind of policy?

monetary policy


What are the Main features of industrial policy resolution 1948?

India opted for mixed economy in this policy.


Which type of policy is being enforced when the supply of money in the economy increases?

loose money policy


What is the purpose of the monetary policy?

The purpose of the International monetary policy is tho survey the global economy.


What is the definition of structural fiscal policy?

Policy put in operation to strengthen the economy in the long run.


Governmental fiscal policy?

Governments do not influence fiscal policies, only monetary policy - Expansionary fiscal policy, where money is injected into the economy to create activity. - Contractionary fiscal policy, where money is withheld from the economy in the hope to control or even reduce inflation.