Role of Government in Mixed Economies Such As Australia -...

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Role of Government in Mixed Economies Such As AustraliaWhat role do governments have in modern mixed economies such asAustralia? Usingappropriate indicators (macro economic aggregates) outline the presentstate ofthe economy. In what ways is the Commonwealth government using fiscalandmonetary policies to influence the Australian economy? What are the mainfeatures of the government's micro economic policy? Why is thegovernmentconcerned about microeconomic reform?
has been reasonable but current figures show the problems with ourexternalbalance and unemployment will not be solved any time soon.Fiscal policy is the government's use of the Budget to achieve itseconomicmanagement goals. This is done through revenue collection and governmentspending. In recent years there has been a shift away from the Keynesianviewthat fiscal policy is used to stabilise short-term fluctuations indemand. Thisrefers to a contractionary stance during a boom period to dampeneconomy and anexpansionary stance during a bust period to stimulate the economy.

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Term
Fall
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Tags
Economics, Macroeconomics, Government, Interest Rates, MER, Commonwealth government

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