Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Macro-economic policy objectives
The major macro-economic policy objectives which the governments strive to achieve are:
i. Full employment
One of the main objectives of all governments is the control of employment or full employment. However economists are not agreed on what constitutes full employment. But we can say full employment exists when everyone who wants a job and is capable of doing a job is able to find one.
ii. The control of inflation
Since most monetarists believe that inflation has a negative effect upon economic growth as it increases uncertainty and discourages savings, maintaining stable prices usually is a major objectives of most governments.
These two foregoing objectives can be regarded as "good housekeeping".
iii. High Growth rates
For most people, economic growth remains the prime objective of policy as it allows everyone to enjoy a better standard of living.
iv. Balance of payments equilibrium
Most governments like to have an equilibrium position in the BOP accounts as there are problems associated with both sides of disequilibrium.
v. Equitable distribution of income
The production function of a small shop that frames pictures is Q = 5 √ LK where Q is the number of pictures framed per day, L is labor hours and K is the machine hours.
Using the discounting principle calculate the present value of an annuity of five years at Rs. 500 payments made at the end of each of the next five years at 10% interest. stion..
is the sales maximization applicable
T HE BANKING SYSTEM Consists of all those institutions which determine the supply of money. The main element of the Banking System is the Commercial Bank (in Kenya). The sec
explian williomson model of managerial discretion
Fixed costs are those that are independent of output. They should be paid even if firm produces no output. They wouldn't change even if output changes. They remain fixed whether ou
Consumer Demand is how much of something that consumers are wanting. A company requires to know the consumer demand so they know how much of a product to build.
What is decreasing marginal cost? All additional lawn mowed generates less benefit than the earlier lawn à along with decreasing marginal benefit; every additional unit generat
Prediction markets: These are speculative markets fashioned with the intention of making predictions. Assets which are produced possess an ultimate cash worth bound to a specific
critically analyze the firm''s theory of profit maxmization
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd