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kari74 [83]
2 years ago
15

Identify the three primary macroeconomic goals countries have, and describe the importance of each. (4 points)

History
1 answer:
Svet_ta [14]2 years ago
3 0

In macroeconomics, three goals countries have are: economic growth, price stability and full employment. Economic growth means a nation's ability to produce more goods and services over time.

<h3>What is inflation?</h3>

Inflation refers to an excessive rise in the prices of goods and services over time, weakening purchasing power. A small, however, positive inflation is economically good, while high inflation tends to impair the economy's long-term performance.

<h3>What are the phases of business cycle?</h3>

  1. Expansion: The first phase in the business cycle is expansion.
  2. Peak: The economy then reaches a saturation point, or peak, which is the second stage of the business cycle.
  3. Contraction: The contraction is the stage that follows the peak phase. The demand for goods and services starts reducing drastically and steadily in this phase.
  4. Trough: In this phase, the economy’s growth rate becomes negative.

<h3>What are the functions of money?</h3>

The primary functions of money include:

  1. store of value, and
  2. medium of exchange.

<h3>What is the purpose of government spending?</h3>

  • The goal is to achieve development in the supply-side of the macro-economy.

Therefore, the correct answers are as given above.

learn more about macroeconomics: brainly.com/question/17996535

#SPJ1

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