CHAPTER ONE INTRODUCTION 1.1 Overview The existence of a set of policies that can alter a given state of an economy to a desired state is assumed in the theory of economic policy. Regulatory policies are therefore made, to affect economic behaviour in particular directions that the economic policy-maker may desire from time to time (Ndekwu 1999). Macroeconomic policy is basically classified into two broad categories namely: monetary and fiscal policies. The policy itself depends on economic theory which is based on several assumptions because we are in the world of uncertainty. Therefore, Nigeria is not exceptional because government had been performing a lot of roles in influencing her economic activities since the creation of the country in 1960. Both fiscal and monetary policy are formulated to achieve certain macroeconomic objectives such as full employment, price stability which is the same as low and stable inflation and balance of payments equilibrium. However, some e...
Course material, Research Work from chapter 1- 5, Publishing, News, Entertainment, Sport, School Gist.