MPC is one of the factors affecting the business operation of the business as well as related to fiscal policy. Fiscal multiplier is the ratio of change in GDP due to changes in spending or government tax. When government spending increases will facilitate sales of businesses increased. The increase is the result of people's consumption increases. Next, consumer spending will rise for businesses to increase production and sales. As a result, the impact of spending policy of the government is to make the total income of the economy increased by an amount even greater than the amount spent by the government increase.
MPC = ΔC / ΔY.
ΔC: change in consumption
ΔY: changes in earnings.
the economy today, central banks often use a variety of tools, various policies to try to curb inflation and economic growth. However, the government focused on four key tools such as required reserve, open market operation (OMO), the discount rate, interest rate on Reserves. Open market operation (OMO) means the purchase or sale of the bonds of the central bank to commercial banks. If you want to expand monetary policy, the central bank will buy the bonds in circulation on the market and from commercial banks that will receive cash payment of bonds from the central bank, the money supply leads to on the market will increase. This amount will become excess reserves that commercial banks can use for lending. Conversely, if you want to tighten monetary policy, the central bank will sell government bonds for commercial banks .In addition, the government may use the reserve requirement (RR) is the ratio percentage of the total amount that customers have posted mobilized by banks and commercial banks are not used for business purposes. When you want to fix the reserve requirement at a low level, the central bank wants the intermediary banks expand lending rates, which will stimulate economic activity, enhance exchanges of financial capital. Besides tools required reserves (RR) or open market operation (OMO), the central bank may also use interest rate tools to intervene to discount the money supply of the economy. When the central bank increased the discount rate leads to money supply (MS) decreased and vice versa.
In short, monetary policy and fiscal policy are two management tools of macroeconomic importance, the 2 main with the methods of implementation and objectives are the same individual but to pursue the common goal of sustainable economic growth and close relationship with the government .Therefore, the economic managers of Toyota Viet Nam has been analyzing and pursuing policies to growing and profitable company not only for Toyota but also for the country and the government of Viet Nam.
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