The money market model combines the supply and demand of money. At first, for the sake of simplicity, we can assume that the supply of money is controlled by the Central (National) Bank and fixed at the level of . The price level will also be assumed to be stable, which is quite acceptable for […]
Tag: rates
The essence and types of fiscal policy
Fiscal (fiscal) policy – measures of the government to change public spending, taxation and the state of the state budget, aimed at ensuring full employment, balance of payments equilibrium, economic growth in the production of non-inflationary GDP (GNP). The main instruments for the implementation of fiscal policy are tax and budget regulators. Tax regulators include […]