Answer :
Final answer:
The macroeconomic goals of fiscal policy include high and sustained economic growth, low unemployment rates, and stable prices. Goals such as high inflation and low employment rates do not align with the intended objectives of fiscal policy. In essence, fiscal policy aims to maintain economic stability and promote growth.
Explanation:
Macroeconomic Goals of Fiscal Policy
Fiscal policy aims to influence a nation's economy through government spending and taxation. The primary macroeconomic goals of fiscal policy are as follows:
- High and sustained economic growth - This refers to the economy's ability to produce more goods and services over time, indicated by an increase in Gross Domestic Product (GDP).
- Low unemployment rate - A key objective is to minimize unemployment, ensuring that those willing and able to work can find jobs.
- Stable prices - Maintaining low inflation is crucial as it affects the purchasing power of consumers and overall economic stability.
Therefore, the correct choices for the macroeconomic goals of fiscal policy are:
- High and sustained economic growth
- Low unemployment rate
- Stable prices
Choices such as high inflation, slow economic growth, and low employment rate do not align with the goals of fiscal policy as they represent negative economic conditions.
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