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What are the objectives of macroeconomics?
What are the objectives of macroeconomics?
Expert Solution
The objectives of macroeconomics are the following:
- Stable Low Inflation: Inflation stability is the primary objective of macroeconomic policies.
- Sustainablle Growth: The growth of real gross domestic product is another objective of the macroeconomic policy which means reducing the environmental impact of growth.
- High Employment: The government wants to achieve an increase in employment and eventually a situation where all those able and available to work can find meaningful work.
- Rising living standards: The cutting of child poverty and reducing pensioner poverty is another goal of macroeconomics.
- Sounnd Government Finances: Including control over State borrowing and the total national debt.
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