Please enable JavaScript.

Coggle requires JavaScript to display documents.

Macroeconomics (Inflation and Unemployment (Unemployment (Social problems,…

- - - - crime rate, homeless, indebtedness
    - - Natural: strucutral, frictional, seasonal
- - - - Time lag
      - Political influence
      - Crowding out
      - Target specific sectors(building schools,hopital)
        
        More effective as an expansionary policy compared with monetary
      - Government speding has direct impact on AD
      - It may be inflationary if it lasts too long
  - - - Investment in human capital
        
        Education and training
      - New technology
        
        Research and development
      - Infrastructure
        
        Government Investment
      - Industrial policies(tax reduction for infant)
        
        Protectionism
      - Cost and effectiveness(opportunity cost)
    - - Labor market reform
        
        Abolish minimum wage
        
        Reducing job security
        
        reduce unemployment benefit
      - Ecouraging competition
        
        Privitization
        
        Deregulation
        
        antimonopoly policy
        
        Trade liberalization
      - Incentive related policies
        
        Tax Cuts