17) Macroeconomic Policy

Question 0

What are the three main policies that the government and the bank of England use to achieve the macroeconomic objectives

Answer 0

-Demand-side policy(1):fiscal policy
> responsibility of the government

-Demand-side policy(2):monetary policy
> responsibility of the Bank Of England

-supply-side policy
> responsibility of the Government

Question 1

What are the 6 macroeconomic objectives for the UK government

Answer 1

1) Economic Growth -steady increase in GDP
2) price stability- low and stable rate of inflation
3) low unemployment
4) balance of payments- value of exports= value of imports
5) equality of distribution of income
6) environmental sustainability