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1. Government has to give out more employment benefits (increasing expenses and decreasing funding in other sectors in the economy 2)Government may see falling tax revenue due to falling average income...

The two policies the government can employ to influence economic growth and inflation are MONETARY and FISCAL policy.

1. Monetary policy: Change the interest rate and affecting the supply of...

Consumer consumption, Government Spending, Investment, Exports and Imports

Consumer Surplus is the difference between the price that consumers are willing to pay, and the price that they actually pay. Similarly, Producer Surplus is the difference between the price for which prod...

Commodities are a raw material or primary good, and they are often fungible. There are three main types of macroeconomic policy. Fiscal policies use taxation and government spending to affect AD, monetary...