Government actions designed to affect the performance of the economy as a whole are called _______ policies.

Question

Quizplus · Accepted Answer

Macroeconomic policies are those implemented by governments to affect the overall performance of their country's economy, such as policies related to inflation, unemployment, and economic growth. This distinguishes them from microeconomic policies, which focus on individual businesses and consumers. "Global" and "domestic" are not specific enough to accurately describe macroeconomic policies, and "social" does not pertain solely to economic factors.

Government Actions Designed to Affect the Performance of the Economy