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Which of the following statements is true?

I. The two principal goals of macroeconomic policy are price stability and low frictional unemployment.

II. The primary goals of macroeconomic policy are price stability and low unemployment.

III. In order to achieve the two primary goals of macroeconomic policy of price stability and low unemployment, it is necessary for policymakers to reduce the level of frictional unemployment.

Answer :

Maximizing the standard of living and achieving stable economic growth are macroeconomics' main objectives

What is the main objective of macroeconomics?

  • Economic indicators are a reliable source of data for monitoring macroeconomic performance.We spoke about how nations have economic objectives including efficiency and equity.
  • Three of these objectives—economic growth, price stability, and full employment—are given more attention in macroeconomics.The following are the macroeconomic objectives of a country's policymakers or government:
  • high real growth rate.Price stability and inflationary management.High employment rate and low unemployment rate that is close to the natural rate of unemployment
  • A subfield of economics known as macroeconomics studies the composition, functioning, and behavior of the entire economy.It concentrates on topics such as inflation, economic growth, prices of different goods and services, gross domestic product (GDP), national income, and the unemployment rate in a specific nation.

To learn more about macroeconomics refer

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