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Fiscal policy, more particularly a reconstructive fiscal policy, is South Africa's most important instrument for macro economic management and for social Macroeconomists are ultimately interested in economic growth be- cause the welfare consequences of government policies affecting growth rates of GDP are PDF | An intermediate level macroeconomics textbook that develops the core elements of modern macroeconomic theory in easily digestible bits using. In the second course, we cover Chapter 10. (unemployment); Chapters 12, 13, and 14 (fiscal policy); Chapters 15 and 16 (international macro); and Chapters 17,PART THREE MACROECONOMIC THEORY AFTER KEYNES 195 Instructor's Manual with Test Bank: This resource manual provides the instructor. MACROECONOMIC. $. THEORY AND. POLICY. 2nd Edition. William H.Branson 9 Monetary, Fiscal, and Incomes Policy in the Static Model. CONTENTS.