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Aggregate demand, money supply, and monetary policy are part of the _____, according to Griffin's Model.

Aggregate demand, money supply, and monetary policy are part of the _____, according to Griffin's Model.

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Answer #1

Aggregate demand, money supply, and monetary policy are part of the Economic Dimension, according to Griffin's Model.

The economic dimension consists of the economic system in which the organization operates like inflation, interest rates, economic growth, unemployment etc. It is a part of the general environment in the external environment of the organization. It includes following:-

  • Exports and Imports.
  • Savings and investments
  • Balanco of payments
  • Foreign exchange reserves
  • Money supply regulated by RBI
  • Private and public sectors role in the economy.
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