Question

Name the five macroeconomic objectives.

Answer 1

If we talk about macroeconomics then we are talking at a bigger picture level like calculation of unemployment rate ,inflation level etc

so the five main macroeconomic objectives for any economy are -

1 to promote the non-inflationary growth so by having fiscal and monetary policies

2 to have low inflation in the economy

3 to promote full employment -full employment arises when the economy is only having frictional and structural unemployment

4 there is equilibrium in balance of payment - Balance of payment includes balance of trade and current account

in balance of account we measure export and import for a country

in the current account we measure the purchasing and selling of financial assets across the borders of another country

5 to promote fair distribution of income