Macroeconomic Policies
To try to avoid major economic shocks, such as The Great Depression, governments make adjustments through policy changes they hope will stabilize the economy. Governments believe the success of these adjustments is necessary to maintain stability and continue growth. This economic management is achieved through two types of governmental strategies:
- Fiscal policy
- Monetary policy
Read more about this topic: Macroeconomic Policy
Famous quotes containing the word policies:
“To deny the need for comprehensive child care policies is to deny a reality—that there’s been a revolution in American life. Grandma doesn’t live next door anymore, Mom doesn’t work just because she’d like a few bucks for the sugar bowl.”
—Editorial, The New York Times (September 6, 1983)