Macroeconomic Policy

Macroeconomic policy involves government and central bank actions to influence a country’s overall economic health. It aims to manage economic growth, control inflation, reduce unemployment, and stabilize the currency. Policymakers use tools like adjusting interest rates, government spending, and taxation to steer the economy in a desired direction. These strategies help promote steady growth, ensure prices stay stable, and improve living standards for citizens. Essentially, macroeconomic policy acts as a steering mechanism to maintain a balanced and healthy economy at the national level.