High School

The two goals of macroeconomic management are to control unemployment and inflation.

A. True
B. False

Answer :

The statement that "The two goals of macroeconomic management are to control unemployment and inflation" is true.

Macroeconomic management is the process of monitoring and manipulating various economic indicators to achieve specific policy goals. These goals are typically designed to achieve the optimal level of economic performance, including high levels of employment, stable prices, and sustainable economic growth. As such, macroeconomic management is essential to maintaining a stable and prosperous economy. In order to achieve these goals, macroeconomic policymakers typically focus on two primary areas of concern: unemployment and inflation. Unemployment is a major concern for macroeconomic policymakers because it represents a waste of valuable resources and can lead to social and economic instability. Inflation, on the other hand, can lead to a decrease in the purchasing power of consumers and can cause significant economic disruptions. The goal of macroeconomic management is therefore to balance the need for economic growth with the need for stability and sustainability. By monitoring and manipulating key economic indicators such as GDP, interest rates, and the money supply, policymakers can help to ensure that the economy remains on a stable and sustainable path while also promoting the growth and prosperity of individuals and businesses.

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