Ebook Economics for business and management: Part 2
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Ebook Economics for business and management: Part 2
Ebook Economics for business and management: Part 2
vAvw.downltcomy Chapter 10Government policies: instruments and* ị ■ Ji . ..objectivesIntroductiont his chapter takes forward the broad analysis of Cha Ebook Economics for business and management: Part 2apter 9 into the more specific areas of government policy making. Such policies play a key role in shaping the macroenvironment in which businesses and households must operate. Government policies on tax rates and allowances, levels and types of expenditure, interest rates and credit availability, p Ebook Economics for business and management: Part 2ublic service provision, pension entitlement and on many other issues will have a major impact on businesses and households.1his chapter introduces thEbook Economics for business and management: Part 2
e aggregate demand and aggregate supply schedules to help deepen our understanding of issues such as inflation, unemployment and economic growth.LearnvAvw.downltcomy Chapter 10Government policies: instruments and* ị ■ Ji . ..objectivesIntroductiont his chapter takes forward the broad analysis of Cha Ebook Economics for business and management: Part 2the macroeconomic environment and review their relative effectiveness■consider in some detail fiscal policy, monetary policy and exchange rate policy in the UK and other economies and assess their impacts on businesses and households■explain what is meant by ‘built-in stabilisers’ and show how these Ebook Economics for business and management: Part 2 can help avoid excessive increases or decreases in economic activity■understand how and why governments seek simultaneously to achieve the objectiveEbook Economics for business and management: Part 2
of price stability, low unemployment, balance of payments equilibrium and sustained economic growth and the implications for business and households■uvAvw.downltcomy Chapter 10Government policies: instruments and* ị ■ Ji . ..objectivesIntroductiont his chapter takes forward the broad analysis of Cha Ebook Economics for business and management: Part 2er 10 • Government policies: instruments and objectivesWe begin by looking in some detail at the use by governments of fiscal policy, paying particular attention to its role in the UK.Fiscal policy’Fiscal policy’ is rhe name given to government policies which seek to influence government revenue (ta Ebook Economics for business and management: Part 2xation) and/or government expenditure. We have already seen how changes in either can influence the equilibrium level of national income, with implicaEbook Economics for business and management: Part 2
tions for output, employment and inflation.Major changes in fiscal policy in the UK arc normally announced al the time of the Budget, which in the UK vAvw.downltcomy Chapter 10Government policies: instruments and* ị ■ Ji . ..objectivesIntroductiont his chapter takes forward the broad analysis of Cha Ebook Economics for business and management: Part 2get.H Budget terminologyA number of terms are often used to describe a Budget.■Budget deficit. When rax revenues fall short of public expenditure (T < G).■Budget surplus. When lax revenue exceeds public expenditure (1 > G).■Balanced budget. When tax revenue equals public expenditure (T G).Similarly, Ebook Economics for business and management: Part 2 a number of terms are often used to describe the consequences of these budget situations.■Public sector borrowing requirements (PSBR). Until recentlyEbook Economics for business and management: Part 2
, this term has been widely used to describe the outcome of a budget deficit, since the government will have to borrow to cover the excess of governmevAvw.downltcomy Chapter 10Government policies: instruments and* ị ■ Ji . ..objectivesIntroductiont his chapter takes forward the broad analysis of Cha Ebook Economics for business and management: Part 2s.■Public sector net cash requirement (PSNCR). In recent years this has been the term more usually used in the UK to refer to situations previously described by the PSBR.Watch out!The PSNCR is sometimes described as the public sector net borrowing requirement (PSNBR).=1 Fiscal‘rules*Further terms ar Ebook Economics for business and management: Part 2e often used in seeking to describe the government’s fiscal policy. For example, in 1998 the Labour government committed itself to the following two iEbook Economics for business and management: Part 2
mportant ‘fiscal rules’.www.downloadslide.comhttps://khothuvlen.comIđAdllUtl ^/1vAvw.downltcomy Chapter 10Government policies: instruments and* ị ■ Ji . ..objectivesIntroductiont his chapter takes forward the broad analysis of ChavAvw.downltcomy Chapter 10Government policies: instruments and* ị ■ Ji . ..objectivesIntroductiont his chapter takes forward the broad analysis of ChaGọi ngay
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