ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -To maintain a strong economy, the federal government seeks to accomplish three policy goals: stable prices, full employment, and economic growth. In addition to these three policy goals, the federal government has other objectives to maintain sound economic policy.

Detailed explanation-2: -National economic goals include: efficiency, equity, economic freedom, full employment, economic growth, security, and stability.

Detailed explanation-3: -India’s first National Employment Policy aims to increase the generation of employment in the country through its twin objective of instituting an environment for the establishment of new enterprises in order to generate more employment opportunities and also improve the skills of the already existing employees.

Detailed explanation-4: -The answer is B. The unemployment rate is equal to the natural rate of unemployment. Economists suggest that the economy is at full employment when the cyclical unemployment rate is equal to zero.