ACCT2542

ACCT2542 - "Evaluate the effectiveness of monetary and...

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“Evaluate the effectiveness of monetary and fiscal policy in achieving Australia’s current economic objectives” Government macroeconomic policies is designed to minimise the significant fluctuations of economic growth through influencing demand, so that sustainable growth can be possibly achieved hence lower rates of inflation and unemployment. To effectively manage and influence the demand in the economy, the government implements certain monetary and fiscal policies in achieving Australia’s current economic objectives. Throughout the history of Australia’s economy, it is notable that these policies attempts to achieve certain objectives such as economic growth, full employment, price stability, external stability, environmental sustainability and distribution of income. [Fiscal Policy- what is it and what does it do?] Recently, the introduction of a carbon tax emissions trading scheme by the Labor Government in Australia is part of a larger initiative to curb the carbon emissions produced by the country. Through this the government attempts to achieve short term environment sustainability by setting a fixed price of carbon tax on Australia’s largest 500 pollutants for
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ACCT2542 - "Evaluate the effectiveness of monetary and...

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