Wetherly and Otter: The Business Environment
Chapter 06
When you have completed this chapter you will be able to:
Explain what is meant by the terms macroeconomics and macroeconomic policy;
Describe the three main objectives of macroeconomic policy and explain their importance;
Explain the importance of macroeconomic stability;
Explain the two sides of the stabilization policy debate;
Explain how the present UK macroeconomic policy framework has been informed by the continuing debate over stabilization policy.


