Question

select all the correct answers. which of the following statements are true? economic stability means fair distribution of goods in an economy. full employment is a macroeconomic goal. inflation is a fall in the prices of goods and services. inflation is a rise in the prices of goods and services. macroeconomics studies the economy as a whole.

Explanation:

• Economic stability refers to steady economic growth, low inflation, and stable employment, not just fair distribution of goods.
• Full employment is indeed a macroeconomic goal as macroeconomics deals with the economy as a whole.
• Inflation is a rise (not a fall) in the prices of goods and services.
• Microeconomics studies individual economic units like firms and households, while macroeconomics studies the economy as a whole.

Answer:

• B. Full employment is a macroeconomic goal
• D. Inflation is a rise in the prices of goods and services.