What do growth in standard of living, low unemployment, low inflation, and a sustainable balance of trade all share in common?

A. Main universal goals of macroeconomic policy
B. Lack of diversity in undeveloped countries in the world
C. Microeconomic policy goals of developed countries
D. Microeconomic policy goals of undeveloped countries

The main universal goals of macroeconomic policy are growth in standard of living, low unemployment, low inflation, and sustainable balance of trade. These aims ensure a stable national economy that contributes to higher living standards (option a).

Explanation:

Growth in standard of living, low unemployment, low inflation, and a sustainable balance of trade are all characteristics of the main universal goals of macroeconomic policy. Macroeconomic policy is concerned with managing an economy at the large-scale or national level.

Its key aims are to achieve stable economic growth, maintain low unemployment and low inflation, and ensure a sustainable balance of trade, which refers to the balance between a nation’s imports and exports. These factors collectively contribute to improving the overall standard of living in a country.

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