Compared to the process of economic development,which is a long-term phenomenon,macroeconomic ______ focuses more on the state of the current economic conditions of an economy.
A)uncertainty
B)instability
C)stability
D)forces

Question

Quizplus · Accepted Answer

Macroeconomic stability focuses on maintaining stable economic conditions in the short run, such as low inflation, low unemployment, and stable economic growth. It is distinct from economic development which refers to the long-term process of improving economic and social conditions through structural changes, institutional reforms, and technological progress.

Compared to the Process of Economic Development,which Is a Long-Term