Question

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.

Select more than one choice.

Random answers or answers with one choice only will be reported!

Answer 1

ANSWER:

The correct options are: B- "Full employment is a macroeconomic goal" and D- "Inflation is the rise in the prices of goods and services".

EXPLANATION:

• Macroeconomics studies issues like employment, inflation, poverty, unemployment etc. and so the goals of macroeconomics deal with all such issues.

• "Full employment" refers to a 'situation' wherein every individual who has the capability to work and earn is provided with a job. Inflation is the "rise of prices" of services and goods .

• Inflation makes it impossible for most people to buy even the necessary goods and services. Inflation also affects the demand of "goods and services".

Answer 2

Answer:

Full employment is a macroeconomic goal and Inflation is a rise in the prices of goods and services

Explanation: