Titlebook: Macroeconomics; An Introductory Text John Evans-Pritchard Textbook 1985Latest edition Macmillan Publishers Limited 1985 fiscal policy.growt

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Balance of Payments and Exchange Rates,banks will have to exchange pounds for francs in the foreign exchange markets. Like any other demand the demand for another currency puts pressure on its price level. Balance of payments will therefore affect exchange rates.

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Textbook 1985Latest editions of first examinations in macroeconomics at A level, first year degree level, and other higher education courses. The presentation is one that is suitable both for structured coursework and for private study. The selected topics are covered in detail and each section has samples of examination ques

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Fiscal Policy,ical objective of fiscal policy has been to influence the economy through the level of aggregate monetary demand. It is those fiscal controls that have dominated, but the government can also influence the supply of goods and services through the imposition of indirect taxes, such as VAT, and the use of grants and subsidies.

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Physical Policy and Supply-side Economics, contrast ignores these supply and demand controls and simply dictates how markets will work. With prices policies, for example, the market prices will be fixed at a level stipulated by government, with little or no reference to the price that would be reached by the free interaction of supply and demand.