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How does Policy Mix Affect the Four National Objectives? Give a real world example of how...

How does Policy Mix Affect the Four National Objectives? Give a real world example of how nation(s) managed policies to meet national objectives.
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Answer #1

POLICY FIX IS THE COMBINATION OF NATION'S FISCAL AND MONETARY POLICY.THESE TWO POLICIES INFLUENCE THE GROWTH AND EMPLOYEMENT AND GENERALLY DETERMINED BY THE CENTRAL BANK AND GOVERNMENT RESPECTIVELY.

* Ideally the main aim of it maximizing the growth and minimizing the unemployment in the nation.

The policy maker of fiscal nad monetary work together.For example the govt. might pass fiscal stimulus ,cutting taxes and increasing spending.The cental bank might provide monetary stimulus by cutting short term interest rate, this was the policy mix. U.S government used the policy mix strategy to the response of financial crisis in 2008

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