What are the three major macroeconomic goals of nearly every society?
A)reducing unemployment, reducing interest rates, and achieving a high rate of economic growth
B)maintaining stable prices, maintaining high levels of employment, and achieving a high rate of economic growth
C)maintaining stable prices, reducing interest rates, and achieving a high rate of economic growth
D)maintaining high levels of employment, increasing the supply of money, and achieving a high rate of economic growth

Question

Quizplus · Accepted Answer

The three major macroeconomic goals of nearly every society are maintaining stable prices (i.e. controlling inflation), maintaining high levels of employment, and achieving a high rate of economic growth. Option B accurately reflects these goals. Option A incorrectly includes reducing interest rates as a major goal, while option C includes reducing interest rates and excludes employment as a major goal. Option D includes increasing the supply of money, which is not necessarily a primary goal of macroeconomic policy.

What Are the Three Major Macroeconomic Goals of Nearly Every