Question

explain three other key macroeconomic objectives of central government

Answer 1

${\huge {\underline{\mathfrak {\green {Question}}}}}$

Explain three other key macroeconomic objectives of central government.

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${\huge {\underline{\mathfrak {\green {Answer}}}}}$

${\boxed {\red {Macroeconomic}}}$

The objective of macroeconomic policies is to maximize the level of national income, providing economic growth to raise the utility and standard of living of participants in the economy.

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${\boxed {\underline{\red {Objectives \:of\: Macroeconomic}}}}$

The three macroeconomic objectives are:

●Economic growth

●Full employment

●Price stability

${\bold {\tt {\underline {\bigstar{\blue {Economic\: growth}}}}}}$

It is determined to establish a country's total production of goods and services.

${\bold {\tt {\underline {\bigstar{\blue {Full \: employment}}}}}}$

The unemployment rate is calculated to establish the level of unemployment in a country.

${\bold {\tt {\underline{\bigstar {\blue {Price \: Stability}}}}}}$

Economists are interested in what is happening to the prices of goods and services. They want to know what is happening to inflation.

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