Which of the following statements about macroeconomic goals is the most accurate?
A)Economic growth must be the ultimate aim of a society.
B)Full employment is the only reasonable objective of macroeconomic policy.
C)Individuals may differ considerably in their evaluation of the relative importance of certain issues.
D)Achieving zero inflation is the main priority of the federal government.

Question

Quizplus · Accepted Answer

While there are commonly agreed upon macroeconomic goals such as economic growth, full employment, low inflation, and stability in financial markets, individuals may have different priorities and values when it comes to which of these goals is most important. Therefore, statement C is the most accurate as it acknowledges the possibility of differing opinions on the relative importance of macroeconomic goals. Statements A, B, and D are all overly simplistic and do not reflect the complexity of macroeconomic policymaking.

Which of the Following Statements About Macroeconomic Goals Is the Most