Final answer:
The main macroeconomic objectives are growth in the standard of living, low unemployment, and low inflation. Adjustments have been made since the coronavirus pandemic, including implementing stimulus packages and focusing on access to healthcare and technology.
Step-by-step explanation:
The main macroeconomic objectives include growth in the standard of living, low unemployment, and low inflation. Growth in the standard of living refers to an increase in the overall well-being of the population, which can be measured by factors such as per capita income and access to basic necessities. Low unemployment means that a smaller percentage of the labor force is without a job. Low inflation is important because it helps maintain the purchasing power of money.
Since the coronavirus pandemic took place, there have been adjustments in terms of each objective. The pandemic has caused a significant increase in unemployment rates worldwide, as many businesses had to close or reduce operations. To address this, governments have implemented stimulus packages and unemployment benefits to support individuals and businesses affected by the pandemic.
In terms of growth in the standard of living, the pandemic has highlighted the importance of access to healthcare, education, and technology. Governments have been working to ensure that individuals have the necessary resources to adapt to remote work and distance learning. Additionally, monetary and fiscal policies have been used to mitigate the negative impact of the pandemic on the overall economy.