Liberals and conservatives agree to some extent that economic goals should include________________?
Correct answer: D. all of the above
- A. full employment
- B. price stability
- C. adequate economic growth
- D. all of the above
Explanation
Despite differing views about the role of government, both liberals and conservatives generally recognise employment, stable prices and economic growth as major economic goals. Therefore, all three objectives are included.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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