Concern about the general level of prices in an economy is primarily a concern about the economic goal of:
A)economic efficiency.
B)economic security.
C)price-level stability.
D)equity.

Question

Quizplus · Accepted Answer

Concern about the general level of prices in an economy is primarily a concern about price-level stability, which is an important economic goal to ensure a stable and predictable economic environment for consumers, businesses, and investors. When prices are unstable, it creates uncertainty and reduces confidence in the economy, leading to economic instability. Therefore, maintaining a stable price level is crucial for achieving sustainable economic growth and development.

Concern About the General Level of Prices in an Economy