ldentify 3 actions that you would take to improve the macro-economy. Use at leas
ID: 1162959 • Letter: L
Question
ldentify 3 actions that you would take to improve the macro-economy. Use at least 1 fiscal policy action and 1 monetary policy action. Explain the actions, the problem, and how the action will cure the problem. Use concepts from the text in your answer. Post your answer as a reply to these instructions. 20 Points for your answer to the above questions. Be sure to use some concepts from the text or powerpoints in your explanations/justifications for your answer. 200 words minimum. Due Thursday at 11:59PM. Post at least 2 replies to other students' posts. 5 points for each reply (maximum of 10 points). Post your by using the reply button beneath the posts to which you are responding. Replies should be substantive and probe, question or further justify the point of the other student. Each reply should be at least 100 words. Post your answer as a reply to these instructions. 20 Points for your answer to the above questions. Be sure to use some concepts from the text orExplanation / Answer
productivity is a measure of the efficiency of factors of production. Labour productivity is defined as the quantity of goods and services produced per unit a of labour output.
Examples of policies
1. Increased government and private sector investment on infrastructure. e.g. improve telecommunications and transport networks to speed movement of people and goods and lower the costt of doing business.
2. Expand the size of the capital stock and reduce the average age of capital by encouraging the higher level of bisiness investment.
3. Tax and welfare reforms to improve work incentives and increase the incomes from people working more productively.
4. Improve access to and quality of health care to reduce sickness and absence which should increase output per worker.
5. Facilitating inward migration of skilled labour to improve the quality of labour force.
6. Tax breaks on the use of new technologies and low carbon, energy efficient products.
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