Which of the following is a major macroeconomic goal?
A) Low prices
B) Declining prices
C) Pure competition
D) Stable prices
E) High prices

Question

Quizplus · Accepted Answer

Stable prices is a major macroeconomic goal because it helps ensure the economy is operating in a stable and predictable manner, allows for efficient allocation of resources, and helps ensure that incomes and profits are not eroded by inflation. Low or high prices can lead to economic instability and declining prices can lead to deflation, which can cause economic problems such as reduced investment and consumer spending. Pure competition is an ideal that may not always be achievable or desirable in all markets.

Which of the Following Is a Major Macroeconomic Goal