ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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High employment is a signal to producers to lower prices on goods and services.
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The Constitution guarantees a job to Americans who are willing and able to work.
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When more people work, the economy is more productive and the standard of living rises.
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The more people who are employed, the more secure the financial markets will be.
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Detailed explanation-1: -Why do U.S. economic policies seek to achieve the goal of maximum employment? When more people work, the economy is more productive and the standard of living rises.
Detailed explanation-2: -Another important macroeconomic goal is full employment (or low unemployment). Labor is the most important resource that is necessary to produce goods and services to satisfy our needs. Labor earns wages and salaries, which fuel consumer spending.
Detailed explanation-3: -The U.S. six economic objectives comprise economic freedom, economic growth, efficiency, and full employment, security, and stability. The most important economic goal is economic stability. This is because economic stability enables other macroeconomic objectives to be achieved.
Detailed explanation-4: -Economic efficiency is another main goal of the U.S. economy. In economics, we say that the resources are scarce and the use of resources in production should be efficient.