Question

policy economics is the application of the principles of economics to decision making (choices) by the various arms of the

Answer 1

Policy economics is the application of the principles of economics to decision making (choices) by the various arms of the government sector.

What is Policy economics?

• The methods for determining tax rates, government spending, the money supply, and interest rates, as well as the labor market, national ownership,
• And many other areas of government interventions in the economy, are all included in the concept of the economy of governments.
• The federal government works to achieve three policy objectives in order to maintain a robust economy: stable pricing, full employment, and economic growth.
• The federal government has additional objectives to ensure sound economic policy in addition to these three policy goals.
• The Economic Policy (EP) Concentration's goal is to give policy professionals the abilities they need to develop and assess policy options, with a focus on how economics methods may be used to solve practical policy issues.

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