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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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