What are the central problems in macroeconomics?
One of the main problems in macroeconomics is the question of how to achieve economic growth at a stable pace. Part of this objective is to ensure that the sources of the nation are fully involved in economic activities and efforts for full employment are a central problem - for this reason and for social and political goals. An important element in the national economy is the level of inflation, as high inflation disrupts the value of population savings and increases the costs of enterprises. Governments are also engaged in the conditions of international trade conditions and the balance of trade balance, leading to the study balance as a problem in macroeconomics. For social and political reasons, the division of income and wealth in the country is important for stability, and this is often considered one of the important questions in macroeconomics.
Achieving economic growth is a problem for all countries and is one of the most important problems in macroeconomics. Among the factors in economic growth is the improvement of the human capital of the country through educatingand training, as well as the provision of hygiene and health care to ensure that the working population is healthy. Growth is also achieved by improving physical capital such as buildings, machines and transport. This can be monitored by dedicating research resources and developing new technologies or acquiring new technology through acquisition or transfer from abroad.
The full employment objective can be monitored by different policies depending on the type of unemployment in the system. Two types of unemployment of imbalances are classic unemployment and demand with lack or cyclical unemployment. Classical unemployment can be caused by trade union negotiation and government regulation causing inefficiency in the labor market and could be reduced by reducing regulation. Unemployment of demand can be reduced by increased demand through fiscal and monetary policy. Other types of unemployment are seasonnEl, friction and structural unemployment, the worst of which is structural unemployment resulting from permanent disappearance of jobs in some industries.
The inflation level can affect savings, interest rates and competitiveness of companies in international trade. Governments are often trying to use fiscal and mells available to keep inflation under control. Governments may try to deal with inflation by checking the increase in cash or by adjusting the level of interest rates. International Terms and Conditions are also one of the central problems in macroeconomics, and each country is engaged in improving payments, for example by encouraging exporters. Macroeconomics also includes the study of ways to improve wealth distribution, such as progressive taxation systems.