PPGC66H3 Lecture : POLC66- MACROECONOMIC POLICIES.docx
Document Summary
What are the major challenges for canadian governments in this policy area and how do. Government actions designed to affect the performance of the economy as a whole. Policies designed to influence the level of employment, the price level, economic growth and the balance of payments. Government actions to make adjustments through policy changes they hope will stabilize the economy. Governments believe the success of these adjustments is necessary to maintain stability and continue growth. Sustainable position on the balance of payments. Macroeconomics often glosses over much of the detail in markets for specific goods and services, focusing instead on the behaviour of economic aggregates such as total output, inflation, unemployment, and economic growth. Macroeconomic policy is divided into two broad types: fiscal policy and monetary policy. Fiscal policy is the set of decisions a government makes with respect to taxation, spending, and borrowing.
