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Explain the rationale for the government to develop and implement macroeconomic policies, including the stabilisation of the economic cycle and the attainment of economic objectives.
Explain the rationale for the government to develop and implement macroeconomic policies, including the stabilisation of the economic cycle and the attainment of economic objectives.
The government develops and implements macroeconomic policies to stabilize the economic cycle and achieve economic objectives such as low inflation, low unemployment, and sustainable economic growth.
What is the difference between demand management and supply side policies?
What is the difference between demand management and supply side policies?
Demand management policies focus on influencing aggregate demand through fiscal and monetary measures, while supply side policies aim to improve the productive capacity of the economy.
What are the limitations of demand management and supply side policies?
What are the limitations of demand management and supply side policies?
Limitations include time lags in policy effectiveness, global influences that may impact policy outcomes, and political constraints that can hinder policy implementation.
What are the sources of government income in the federal budget?
What are the sources of government income in the federal budget?
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What are the components of government expenditure in the federal budget?
What are the components of government expenditure in the federal budget?
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Which of the following is NOT a source of government income in the federal budget?
Which of the following is NOT a source of government income in the federal budget?
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Which of the following is NOT a component of government expenditure in the federal budget?
Which of the following is NOT a component of government expenditure in the federal budget?
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What is the role of automatic stabilizers in influencing aggregate demand and stabilizing the economic cycle?
What is the role of automatic stabilizers in influencing aggregate demand and stabilizing the economic cycle?
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What is the role of discretionary spending in influencing aggregate demand and stabilizing the economic cycle?
What is the role of discretionary spending in influencing aggregate demand and stabilizing the economic cycle?
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What do demand management policies aim to achieve in terms of the economic cycle?
What do demand management policies aim to achieve in terms of the economic cycle?
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