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:

Conditioned Reinforcer

A stimulus that gains its reinforcing power through its association with a primary reinforcer; also known as a secondary reinforcer.

Instinctive

Related to or denoting behavior that is innate and automatic, not learned from experience.

Human Behavior

The range of actions and mannerisms exhibited by humans in conjunction with their environment, influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion, and/or genetics.

Cognitive Factors

Pertains to the mental processes like perception, memory, and reasoning that influence our behavior and experiences.