Macroeconomic Policies
To try to avoid major economic shocks, such as The Great Depression, governments 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. This economic management is achieved through two types of governmental strategies:
- Fiscal policy
- Monetary policy
Read more about this topic: Macroeconomics
Famous quotes containing the word policies:
“A nation’s domestic and foreign policies and actions should be derived from the same standards of ethics, honesty and morality which are characteristic of the individual citizens of the nation.”
—Jimmy Carter (James Earl Carter, Jr.)
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