Macroeconomic Policies

Macroeconomic policies are strategies that governments and central banks use to manage the economy as a whole. They focus on key areas like inflation, unemployment, and economic growth. There are two main types: fiscal policy, which involves government spending and taxation to influence the economy, and monetary policy, which involves controlling the money supply and interest rates to regulate economic activity. The goal of these policies is to stabilize the economy, promote sustainable growth, and improve living standards by addressing issues like recession or high inflation.