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.
microeconomics studies the economy as a whole.

Explanation:

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

Answer:

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