ABSTRACT
Macroeconomic policies refer to monetary, fiscal, and structural policies of government to influence aggregate income, employment, general price level, wages, and foreign exchange. Rates are of special concern: the inflation rate, unemployment rate, wage rate, exchange rate, and interest rate. Macroeconomic policies favorable to meeting the needs of agriculture and the nation are not easy to get right and few developing or developed countries get them right. Many countries are plagued by macroeconomic policy failures as is apparent in government budget deficits, high inflation, overvalued currency, high unemployment (or under-employment), excessive bureaucracy, trade deficits, shortage of foreign exchange, delinquent international debt, and economic and related political instability.
