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The Australian government has taken up a variety of objectives for the Australian Economy. The economic policy is outlined on these objectives, which are the foundation. The four major objectives are full employment, price stability, external balance and economic growth. To stay in power the political party that is in control of the Government must successfully achieve these objectives. ...
The problem that the Australian government faces in the achievement of the major macroeconomic objectives is that while some objectives do complement each other, there are other objectives which do not. The fact that some objectives conflict with each other means that any attempt by the government to improve certain objectives will result in unpleasant results on others. ...
In making sure that the economic policy is framed, these four objectives are very essential. While these objectives are being achieved, there are some factors, which prevent another objective from also being successful.
Approximate Word count = 1712
Approximate Pages = 6.8
(250 words per page double spaced)
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