Macroeconomics deems intently on the effects of theoretical observations from patterned data, of which policies are instituted in order to follow a formative structure. Through macroeconomics, the derivation of applying basic tools such as the general equilibrium theory, computational techniques, and an analytically observation of the data presented, policies can be instituted as they are seen from the accumulated information. Such have been accumulated: Monetary policy is to be conducted as if to keep nominal interest rates, tax rates on labor and consumption be kept constant over time, capital income taxes should be approximately zero, and returns on debt and taxes on assets should fluctuate to provide insurance against adverse shocks.
Within the principles of macroeconomics, there are three main contending factors of production in the economy that are able to make its resources available for the production and services. From there comes into consideration peoples labor for there to be an application of the production and services. Unemployment also plays a part as the human effort available where the economy requires it.
The macroeconomic policy is able to maintain an economic and social well-being in a balanced premise. The sustained and continued economic growth serves as a means to, not only address the employment of the nation, but to have the ability to manage other aspects in the social concerns of the public. In which comes the need to stabilize variables and it should result on a strength on an economic growth.
Here is the MLA citation:
"Macroeconomic Stability, Inclusive Growth and Employment." UN System Takes Team on the Post-2015 UN Development Agenda. United Nations, 1 May 2012. Web. 26 Jan. 2015. <http://www.un.org/millenniumgoals/pdf/Think Pieces/12_macroeconomics.pdf>.
"Macroeconomics." Khan Academy. N.p., n.d. Web. 27 Jan. 2015.
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