Содержание
- 2. Fiscal Policy Monetary policy Supply Side policy
- 3. Attempts to influence the level of economic activity (the amount of buying and selling in the
- 4. Short-term interest rates set by Bank Negara Malaysia; Basis of Monetary Policy is that there is
- 5. Monetary Policy The Classical Quantity Theory of Money: MV = PY (where M = the money
- 6. Velocity of Circulation The number of times annually that money on average is spent on goods
- 7. Incentives Education and Training Investment Technology Improvements Productivity/Efficiency Supply Side Policy 2.
- 8. Intention is to shift the aggregate supply curve to the right, increasing the long term productive
- 9. Aggregate Supply and Demand
- 10. Supply Side Policy Policies aim to influence productivity and efficiency of the economy; Key feature –
- 11. Main areas of policy: Labour Market – reduce barriers to free market, reduce bureaucracy and ‘red
- 12. Education and Training: National Qualifications framework –logical set of qualifications Expansion of vocational qualifications Expansion of
- 13. Incentives and technology: Tax reform to encourage incentives and entrepreneurial spirit Incentives to develop new technology
- 14. Influencing the level of economic activity though manipulation of government income and expenditure Influence Aggregate Demand
- 15. Also used to influence non-economic objectives and provide framework for supply side policy; e.g. education and
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