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Keynesian Economistsí Macroeconomic Policies and Objectives

Keynesian Economistsí Macroeconomic Policies and Objectives

Differences between Free Market and Keynesian Economistsí Macroeconomic Policies and Objectives

Analyze different macroeconomic objectives and policies and summarize the major differences between free market and Keynesian economistsí macroeconomic policies and objectives.

Your essay will need to show the difficulties of setting and measuring objectives.

It should identify and review the two broad types of policy instruments and explain the idea of policy conflict.

You should review the contrasting Keynesian and monetarists models of the economy and explain the differences between the 2. AC1.1; 2.1 2)

Utilize macroeconomic data to describe the major changes in the UK economy since 1979 and examine the causes, costs and possible remedies for inflation and unemployment.

Your essay will show changes in GDP, inflation, unemployment and Balance of Payments since 1979 in graphs and you will interpret them in writing identifying dates and size of peaks and troughs.

The second part of your essay will have 3 distinct elements (causes, costs and remedies) for each of inflation and unemployment.

types of macroeconomic policies,

macroeconomic objectives conflicts,

macroeconomic policy objectives and instruments,

5 macroeconomic objectives,

macroeconomic policy instruments,

Keynesian Economistsí Macroeconomic Policies and Objectives

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