Some thoughts of the article Essay Example | Topics and Well Written Essays - 250 words

Some thoughts of the article - Essay employmentTherefore, to address these problems, government should to utilize tools for monetary and fiscal policy. Monetary policies tool entails utilization of discount range and reserve requirements to control inflation and stabilize the economy. On the contrary, fiscal policies tool entails application of valuatees as come up as control of government expenditure to achieve certain economic goals (Taylor & Weerapana, 2008).On the contrary, Micro economics refers to a branch of economics that involves the study of decisions made by individuals and firms regarding the scarce resource. Whereby, in micro economics, consumers aims to increase their utility despite having scarce resource aims to maximize their profits while at the same period minimizing their cost. However, due to limited resources, both firms and individuals experience opportunity cost. Whereby, they have to decide the best alternatives to forgo given(p) the fact that resourc es are limited (Mankiw, 2011). Normally, in micro economics, the prices of goods and services are determined by mart forces of supply and demand as well as government regulations. Therefore, both individuals and firms should take into consideration the issues of tax and government regulations when making their decisions (Chandra,