BUSINESS ADMINISTRATION
BUSINESS POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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low unemployment
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rise in the minimum wage
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price level stability
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Detailed explanation-1: -Answer and Explanation: Macroeconomics has some goals to achieve. Growth in money supply(MS) is not a goal of macroeconomics.
Detailed explanation-2: -The four major objectives are: Full employment. Price stability. A high, but sustainable, rate of economic growth. Keeping the balance of payments in equilibrium.
Detailed explanation-3: -Low levels of inflation. Low rates of unemployment. Equitable distribution of income in a country. There should be an equilibrium in the balance of payments of a nation.
Detailed explanation-4: -In Concept 10: Economic and Social Goals, we discussed that nations have economic goals, like equity and efficiency. In macroeconomics three of these goals receive extra focus: economic growth, price stability and full employment.