The main goal of macroeconomic policy is to: a

Economics Dec 14, 2020

The main goal of macroeconomic policy is to:

a. Continue to increase GDP growth.

b. Move the economy toward potential GDP.

c. Balance the federal budget.

d. Expand the trade surplus.

Expert Solution

The three primary aims of macroeconomics are to create full employment, increase stability, and promote economic growth. In combination, these three factors help improve the GDP and general economic wellbeing of a country or region. Therefore, the primary objective of macroeconomic policy is b. moving the economy toward potential GDP.

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