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The Goals of Macroeconomic Policy Essay

Macroeconomics is concerned with the study of the economy as a whole. The main goals of macroeconomics are to achieve:

  • An improvement in the standard of living of the population;
  • A low unemployment rate;
  • A low inflation rate.

A low rate of inflation is desirable in itself but also because it may help promote the other two objectives. These three objectives have to be achieved subject to two important financial … Read the rest

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Macroeconomics Sample Essay

Macroeconomics came to exist when modern governments collected and disseminated economic statistics. In order to explain fluctuations in output and production, it is useful for corporations to know what the economy’s overall level of output and production is (Lieberman, 2002). With knowledge about the economy as a whole, macroeconomic forecasts can help individual firms make microeconomic decisions. The following paragraphs will discuss several macroeconomic forecasts created by different institutions discuss … Read the rest

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