Learning objectives
Evaluate fiscal policy against different macroeconomic objectives, including Laffer curve analysis of tax rates and tax revenue
Evaluate monetary policy and exchange-rate policy in meeting objectives such as low inflation, growth and external balance
Evaluate market-based and interventionist supply-side policies and international trade policy
Analyse the problems and conflicts that arise when a policy aimed at one objective affects others
Explain government failure in macroeconomic policy, such as time lags, poor information and political pressure
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