Monday, March 17, 2008

13. The three primary macroeconomic policy goals are economic growth, low unemployment and low inflation.

13. The three primary macroeconomic policy goals are economic growth, low unemployment, and low inflation. Economic growth is an increase in a country’s standard of living. Unemployment is the condition of wanting, but not having, a paid job. Inflation is a general increase in the price level, which is the general level of prices for goods and services in an economy. A price index is used to measure the price level. All three goals are important because of their influence on the standard of living. Economic growth is the primary determinant of the standard of living, however, and is thus the ultimate macroeconomic goal. Economic policy goals are discussed in greater detail in modules 6 (Economic Growth), 7 (Low Unemployment), and 8 (Low Inflation).

10 comments:

  1. how well has the us economy performed in accomplishing these three goals in the last 10 years?

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  2. just couldn't stop watching just couldn't stop watching the clock

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    Replies
    1. seriously! how could this possibly be paid back?

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    2. It can't. That's why they stopped caring and keep yolo swag 420ing.

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  3. by not living in the staes.. hahaha

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  4. We're gonna do it the American way....declare bankruptcy

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  5. why is the clock moving so fast

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  6. sorry your money disappeared

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  7. Don't sleep you need the money your losing every second - Time Clock

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