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Role Of Government In Mixed Economies Such As Australia
Beginning of Essay
What role do governments have in modern mixed economies such as Australia? Using
appropriate indicators (macro economic aggregates) outline the present state of
the economy. In what ways is the Commonwealth government using fiscal and
monetary policies to influen .... Middle of Essay
.... (GBE) and deregulation of the financial market. The main roles that
the Australian government plays today are to ensure:
1) The efficient and even distribution of income (though CSSB, tax)
2) Provide a limited range of goods and services (Aust post)
3) General economic management through macro and micro economic
policies.
In 96/97 the CAD fell to $20.9bn from the $27bn blowout during 95/96. This was
largely due to a fall in domestic spending which lead to a slight rise in
national savings. Inflation remained low and fell between the RBA's 2-3% target.
This gave way to the RBA's 3 consecutive drops in inte ....
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Words: 1711 - Pages: 7
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