High School

Give further explanation and provide 4 examples of the impact of the government's action on the 12th Malaysian Plan towards achieving macroeconomic goals.

Answer :

Recall that the government strives to achieve four macroeconomic objectives: equilibrium in the balance of payments, strong economic growth, low unemployment, and low inflation. However, domestic, external, or a combination of both variables may prevent these objectives from being met. stable and long-term economic expansion.

Low inflation rates. Low unemployment rates. income distribution that is fair throughout a nation. A field of economics known as macroeconomics examines how an economy functions, is structured, behaves, and makes decisions as a whole. For instance, macroeconomics looks at how interest rates, taxes, and government expenditure can be used to control an economy's expansion and stability.

To learn more about equilibrium, click here.

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