Monetary Policy Key to Economic Growth and Stable Employment Levels
The article discusses monetary policies aimed at maintaining high employment levels, economic growth, low inflation, a healthy balance of payments, and managing currency exchange rates. Structural unemployment can occur when declining industries shed specialized labor. Economic growth is measured by the availability of goods and services per person. Inflation happens when prices rise. Governments are concerned about high inflation rates, not low ones. Policy-makers have targets like unemployment levels and economic growth to work towards.