Accommodating monetary policy

These trends have been driven by a range of factors, but three stand out.The first is that the demand for services has increased faster than the demand for goods as average incomes have risen.The second is that most services are produced domestically rather than imported.

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These protections also extend to those who profess no religious beliefs.

Questions about religion in the workplace have increased as religious pluralism has increased.

Over the past half a century, one of the most obvious changes has been the growth of the services sector, which has accounted for a steadily increasing share of both output and employment.

In 1960, for example, a little over 50 per cent of the workforce in Australia was employed in the services sector. Conversely, the shares of manufacturing and agriculture have steadily declined.

Monetary policy and fiscal policy refer to the two most widely recognized "tools" used to influence a nation's economic activity.

Last modified 06-Oct-2019 09:49