Write a response to the following TWO essay prompts. You must do both. Your essa

Question

Write a response to the following TWO essay prompts. You must do both. Your essays need to conform to the following standards:

You have a 300 word limit. Your essay needs to be rich with content, so choose your words wisely!

Your submission should be free of spelling and grammar errors, and contain few to no repetitive statements or empty statements.

Your submission should be in full sentences (not bullet points or sentence fragments).

You do not need to include references for this exercise.

You will be graded on the quality of your content, but some points will be deducted for failing to meet the standards above.

Why do we need economic policy? What types of policies are out there and what problems do they try to solve?

_______________________________________________________________________________

Why should people keep an eye on the economy (GDP growth, interest rates, inflation rates, unemployment rates, exchange rates)? How does this help us make decisions?

_______________________________________________________________________________

Explanation / Answer

a)

A) The economic policy need for the system for setting level of taxation, money supply , interest rates, as well as the labour market, national ownership and government budgets. The policy mainly as two fiscal policy and monetary policy. The policy which leads the government actions regarding taxation is called fiscal policy, and the policy which leads the money supply and interest rates is called monetary policy.such policy are influenced by IMG and world bank. It is useful at funds utilisation, effective way for using funds.

b)

A. People should eye on the economy, in part of that keep eye on the interest rates like prime rates, treasury bill rates, bond rates and bank loan rates for whether your personal borrowings costs are likely to be increase or decrease, then inflation like consumer price index, by this known about whether inflation is increasing or decreasing over time, and then GDP explains the production of goods and services by the nation, it is useful to the people by the way of knowing their country capacity in the world, and then unemployment rates indicate the economy position,it is usefull to companies increase the wage rate for attract employees when ever low supply of workers, and then exchange rates are showing our currency value in the world, by this take any possible action regarding increase the value of our currency if the currency value is low.

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.