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What is the goal of macroeconomic policies?
What is the goal of macroeconomic policies?
Expert Solution
The goals of macroeconomic policies like fiscal or monetary policies are given below
1) To achieve the full level of employment i.e eliminating cyclical unemployment.
2) To achieve sustainable economic growth at a higher pace i.e boosting real GDP
3) To ensure price stabilization and wage stabilization in the country.
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