Multiple Choice
In macroeconomics, the economy can best be understood through the use of:
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1. Introduction to Macroeconomics
Introduction to Economics
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When nations desire a healthy macroeconomy, they typically focus on three main goals. One of these goals is:
A
Low unemployment
B
Achieving a trade deficit
C
Eliminating all taxes
D
Maximizing government spending
Verified step by step guidance1
Understand that the question is about the main goals of a healthy macroeconomy, which typically include objectives related to employment, inflation, and economic growth.
Recall that low unemployment is a key goal because it indicates that most people who want to work can find jobs, which supports economic stability and growth.
Recognize that achieving a trade deficit is generally not a goal; rather, countries aim for balanced trade or manageable deficits/surpluses.
Note that eliminating all taxes is not a realistic or common macroeconomic goal, as taxes fund essential government services and investments.
Understand that maximizing government spending is not a goal by itself; instead, governments aim for efficient and sustainable spending to support economic objectives.
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