ECON-2006EG Study Guide - Quiz Guide: Fiscal Policy, Real Income, Monetary Policy
7 Mar 2021
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Chapter 16 macroeconomics: the bird"s-eye view of the. Macroeconomics the study of the performance and interaction of national economies and the policies governments use to try to improve them. National economy has an important bearing on job availability, wages and salaries, prices and inflation and cost of borrowing and the rate of return on saving. Macroeconomic policies government actions designed to affect the performance of the economy as a whole. Standard of living the degree to which people have access to goods and services that make their lives easier, healthier, safer and more enjoyable. Scarcity will always apply, even for countries with high living standards. Real income per head of the population/amount, which the. Economic growth process of steady increase in the quantity and quality of the goods and services the economy can produce. The more can be produced, the more can be consumed. average person has to spend.
