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ERIC Number: ED162931
Record Type: RIE
Publication Date: 1977
Pages: 40
Abstractor: N/A
Reference Count: 0
Government and the Economy--Stabilization Policies.
Popkin, John W.
This document describes the operation of public and private sector mechanisms which work to keep the Canadian economy stable. Part I discusses the many sources of instability in the Canadian economy. Instability is measured primarily in fluctuations in aggregate income or gross national product. Two important contributors to economic fluctuations are industrial economics and business inventory management. Another source of instability is the tendency of business capital investment to accelerate to high levels toward the end of the business cycle or to lag well behind demand requirements due to economic uncertainty. The increasing role of government in the economy and inflationary pressures in the industrial world have also increased economic instability. Part II discusses two main classes of economic stabilizers. These include automatic stabilizers that operate in the economy without any policy initiatives on the part of the government, and the three discretionary stabilizers of fiscal policy, monetary policy, and income policy. The pamphlet concludes with an appraisal of current problems in the application and effectiveness of stabilization policy. (RM)
Canadian Foundation for Economic Education, 155 University Avenue, Suite No. 301, Toronto, Ontario, Canada M5H 3B7 ($1.00 paper copy, discounts on multiple copies)
Publication Type: Books
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Canadian Foundation for Economic Education, Toronto.
Identifiers: Canada
Note: For a related document, see SO 011 314; Charts on pages 8 and 24 may not reproduce clearly in hard copy due to poor reproducibility