Two primary goals for macroeconomists are price stability and _____ unemployment.
A) no
B) no frictional
C) low
D) no structural

Question

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Macroeconomists aim to achieve a low unemployment rate, which means they want as few people as possible to be without work. They seek to stabilize the price level to avoid inflation or deflation, which would create economic uncertainty and difficulties in long-term planning. Options A, B, and D are incorrect because some unemployment is inevitable due to factors such as changes in technology, but the goal is to minimize it. Frictional and structural unemployment are types of unemployment that can occur due to changes in the economy or skills mismatch, but they are not the ideal target for macroeconomic policy.

Two Primary Goals for Macroeconomists Are Price Stability and _____