-
Finished your HSC? Check out our University Discussion, Non-School forums or help out next year's HSC students! -
YOU can help the next generation of students in the community! Share your trial papers and notes on our Notes & Resources page
Even more questions (1 Viewer)
- Thread starter bradical
- Start date
timmii
sporadic attendee
- Joined
- Nov 9, 2002
- Messages
- 928
If you're not willing to do some work, why should we do it for you?
Basically:
monetary policy - the use of interest rates to stimulate or dampen aggregate demand
fiscal policy - the use of the fiscal budget (ie surplus/deficit) to manage aggregate demand. Can also be used to redistribute income.
microeconomic policy - aims to improve the efficiency of factor markets by reforming the tax system, labour markets, improving competition etc
Basically:
monetary policy - the use of interest rates to stimulate or dampen aggregate demand
fiscal policy - the use of the fiscal budget (ie surplus/deficit) to manage aggregate demand. Can also be used to redistribute income.
microeconomic policy - aims to improve the efficiency of factor markets by reforming the tax system, labour markets, improving competition etc
timmii
sporadic attendee
- Joined
- Nov 9, 2002
- Messages
- 928
hehe just saw ur edit. Uh i had my last ever economics exam today. very sad. But yes, will still help u...but a warning, economics is the kind of subject that u can't really just read the answers to, u need to sit down and think about it for yourself.
clairegirl
the name's Anne!
hahahaha sorry but u remind me of my friend.... who the night before the paper 2 exam... asked what texts they were doing hehehe
sorryz i know ur not as bad as that but yeah it's just that that it's what it just reminded me of..
monetary policy- are actions by the RBA to influence the supply and cost of credit of loans in the short term money market. It's main instruments are DMO's (the buying and selling of second hand CGSs) to influence the cash rate and interest rate paid on overnight loans in the short term money market.
Fiscal Policy- aims at redistributing income, allocating resources (budget) and minimising fluctuations in the business cycle. It's main instruments are government expenditure and taxation.
Microeconomic policy- actions taken by the government to improve resource allocation between firms and the market so that firms can produce maximum output with scarce resources. This can be achieved through, technical, allocative and dynamic efficieny.
sorryz i know ur not as bad as that but yeah it's just that that it's what it just reminded me of..
monetary policy- are actions by the RBA to influence the supply and cost of credit of loans in the short term money market. It's main instruments are DMO's (the buying and selling of second hand CGSs) to influence the cash rate and interest rate paid on overnight loans in the short term money market.
Fiscal Policy- aims at redistributing income, allocating resources (budget) and minimising fluctuations in the business cycle. It's main instruments are government expenditure and taxation.
Microeconomic policy- actions taken by the government to improve resource allocation between firms and the market so that firms can produce maximum output with scarce resources. This can be achieved through, technical, allocative and dynamic efficieny.