Question : Which of the following is a macroeconomic goal?
Option 1: Maximizing individual profit
Option 2: Achieving price stability
Option 3: Optimizing production efficiency
Option 4: Minimizing environmental impact
Correct Answer: Achieving price stability
Solution : The macroeconomic goal among the options provided is (b) Achieving price stability.
Macroeconomics is concerned with the overall behavior and performance of an economy. It involves analyzing and understanding various macroeconomic goals that policymakers aim to achieve. Price stability is one of the key goals of macroeconomic policy. It refers to maintaining a low and stable rate of inflation over time. Price stability helps to promote economic certainty, maintain the purchasing power of money, and provide a stable environment for businesses and consumers to make decisions. Achieving price stability is often a primary objective of central banks and is considered crucial for maintaining overall economic stability.
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