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Answer :
The three main macroeconomic goals are economic growth, low unemployment, and low inflation, which are essential for the stable and prosperous functioning of an economy. These goals are targeted through governmental monetary and fiscal policies. Hence, option 1) economic growth, low inflation, and low employment is the correct answer.
The three macroeconomic goals are economic growth, low unemployment, and low inflation. In evaluating the overall health of the macroeconomy, economists generally agree on three primary goals to aim for. These are economic growth, which measures the increase in a nation's output of goods and services; low unemployment, indicating that most people who are willing and able to work can find jobs; and low inflation, ensuring that the purchasing power of money remains relatively stable over time.
Achieving these objectives contributes to a stable and prosperous economy. Economic growth is crucial as it relates to improvements in living standards and the expansion of the economy's potential production. The goal of low unemployment demonstrates efficient utilization of the labor force, where the majority of job seekers can find employment. Lastly, maintaining low inflation is important for preserving the value of currency, contributing to consumer and business confidence, and facilitating long-term planning and investment. Hence, option 1) economic growth, low inflation, and low employment is the correct answer.
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