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Conflicting Goals In Economic Growth
Part one of term paper
Goals of monetary policy are to "promote maximum employment, inflation
(stabilizing prices), and economic growth." If economists believe it's possible
to achieve all the goals at once, the goals are inconsistent. There are
limitations to monetary policy.
The term "maximum employment" means that we should try to hold the
unemployment ...
Part two of term paper ... will lead to a better balance between
consumption and saving that will make resources available for investment
purposes, reduce changes in the economy created by the inflation in the past,
and by the reactions of savers, as well as fostering high and sustainable
economic growth; and contribute towards an investor friendly environment that
will attract foreign investors to the country.
Evidence has suggested that economies perform better, in terms of growth,
employment and living standar ...
Word count: 901 | Approximate pages: 4
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