Macroeconomic policies are the set of government rules and regulations to control or stimulate the aggregate indicators of an economy, such as national income, money supply, inflation, unemployment rate, growth rate, interest rate etc. Macroeconomic policies include monetary policies and fiscal policies.   (3.a) Briefly define and explain monetary policies.   (3.b) Briefly define and explain fiscal policies.

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter18: Debates In Macroeconomics Over The Rolse And Effects Of Government
Section18.10: Demand-side And Supply-side Views Of The Economy And Government Tools For Changing Real Gdp
Problem 1ST
icon
Related questions
Question

Macroeconomic policies are the set of government rules and regulations to control or stimulate the aggregate indicators of an economy, such as national income, money supply, inflation, unemployment rate, growth rate, interest rate etc. Macroeconomic policies include monetary policies and fiscal policies.

 

(3.a) Briefly define and explain monetary policies.

 

(3.b) Briefly define and explain fiscal policies.

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Risk and Uncertainty
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Macroeconomics
Macroeconomics
Economics
ISBN:
9781337617390
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
Economics
ISBN:
9781337613057
Author:
Tucker
Publisher:
CENGAGE L
Economics For Today
Economics For Today
Economics
ISBN:
9781337613040
Author:
Tucker
Publisher:
Cengage Learning
Survey of Economics (MindTap Course List)
Survey of Economics (MindTap Course List)
Economics
ISBN:
9781305260948
Author:
Irvin B. Tucker
Publisher:
Cengage Learning
Survey Of Economics
Survey Of Economics
Economics
ISBN:
9781337111522
Author:
Tucker, Irvin B.
Publisher:
Cengage,