Question

Which of the following statements are true?



Economic stability means fair distribution of goods in an economy.



Full employment is a macroeconomic goal.



Inflation is a fall in the prices of goods and services.



Inflation is a rise in the prices of goods and services.



Microeconomics studies the economy as a whole.

Answer 1

Answer:

Full employment is a macroeconomic goal. True

Inflation is a rise in the prices of goods and services. True

Everything else is False.

Answer 2

Answer:

Full employment is a macroeconomic goal.

True

Inflation is a rise in the prices of goods and services.

True

All the other ones.

False

Explanation: