Question

A balanced federal budget and a balance of trade are secondary goals of macroeconomics, while growth in the standard of living (for example) is a primary goal. why do you think that is so?

Answer 1

There are many balanced federal systems that would work, for example, the study of planets (micro) in the solar system (macro), or solar systems (micro) in the galaxy (macro).

A balanced budget is a budget monetary plan wherein sales are the same as expenses, such that there's no budget deficit or surplus. Balanced price range. Balanced finance occurs when total sales same general outlays for a financial twelve months.

A few economists argue that moving from a budget deficit to a balanced price range decreases hobby prices, will increase investment, shrinks alternate deficits, and facilitates the economy to develop faster in the long term. shortage manner human wishes for goods and offerings exceed the available supply. supply is confined because resources are limited. demand, but, is absolutely unlimited.

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