ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not a macroeconomic goal?
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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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None of the above
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Explanation:
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: -Stable and sustainable economic growth. Low levels of inflation. Low rates of unemployment. Equitable distribution of income in a country.
Detailed explanation-3: -The correct answer is option 2, i.e. the determination of prices in the agricultural sector. Agricultural prices do affect macroeconomics, but it is not a direct issue studied, unlike the other three.
Detailed explanation-4: -The four major objectives are: Full employment. Price stability. A high, but sustainable, rate of economic growth. Keeping the balance of payments in equilibrium.
There is 1 question to complete.