Log in
Economics
1
answer
0
watching
67
views

What are the goals of an economic system? What is the criterion to measure the effectiveness of a system? What are the monetary goals? What are the fiscal goals? How do governments influence monetary and fiscal goals?

Watch
1
answer
0
watching
67
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Insha Fatima
Insha FatimaLv10
28 Sep 2019

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Which of the following best explains why all goals cannot be met in economics?
 
A) Some goals are incompatible with each other.
B) Not all people know what their economic goals are.
C) Some goals are not worthy of pursuing.
D) Only certain goals can be understood in monetary Terms.​

Suppose that you are a government official in charge of your country’s fiscal policy. The country maintains a flexible exchange rate system. You are asked by your country’s citizens to use fiscal policy alone to expand the country’s output and to reduce its trade deficit simultaneously. Use the IS-LM diagram to answer the following

A) Is it possible for you to obtain these two goals using only fiscal policy?

B) Suppose instead that you were in charge of the country's money supply. Is it possible for you to obtain these goals using monetary policy?

C)Now suppose that the country has a fixed exchange rate system. Is it possible to use either monetary and fiscal policy to lower the trade deficit and expand national output simultaneosly?

Do you think that Monetary policy is easier to make than fiscal policy? Why is one easier or harder than the other? What is the Goal of each of the policies? Are the goals in conflict or complements of each other?

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in