What Is the Ultimate Objective of Macroeconomics

question 65

Multiple Choice

What is the ultimate objective of macroeconomics?  

• A) to reduce the unemployment rate 
• B) to stabilize the economy's growth rate 
• C) to develop and test theories about how the overall economy works 
• D) to improve the international competitiveness of Canadian financial markets

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Definitions:

Social Problems

Issues that affect a significant number of people within a society and are often considered undesirable.

Policy Advocate

An individual or group that actively supports and promotes a particular policy or set of policies.

Proposed Program

A planned series of actions or events aimed to achieve a specific goal.

Program's Mission

The core purpose and objectives that a specific program aims to achieve.