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------------------------------------------------ Select all the correct answers.

Which of the following statements are true?

A. Economic stability means fair distribution of goods in an economy.

B. Full employment is a macroeconomic goal.

C. Inflation is a fall in the prices of goods and services.

D. Inflation is a rise in the prices of goods and services.

E. Microeconomics studies the economy as a whole.

The accurate statements are that full employment is a macroeconomic goal and that inflation refers to a rise in prices. The other statements are false. Understanding these concepts is crucial for studying economics.

Explanation:

Understanding Economic Statements

To assess the accuracy of the provided statements regarding economics, let's analyze each one.

Economic stability means fair distribution of goods in an economy. False. Economic stability generally refers to consistent levels of economic activity and stable prices, rather than the fairness of distribution.
Full employment is a macroeconomic goal. True. Full employment is indeed a key macroeconomic objective, aiming to minimize unemployment.
Inflation is a fall in the prices of goods and services. False. Inflation actually refers to a rise in prices, not a fall.
Inflation is a rise in the prices of goods and services. True. This is the accurate definition of inflation.
Microeconomics studies the economy as a whole. False. Microeconomics focuses on individual markets and the behavior of consumers and firms, while macroeconomics deals with the economy as a whole.

Conclusion

The true statements from the provided list are that full employment is a macroeconomic goal and that inflation is a rise in prices.

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