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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.

User Marmistrz
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1 Answer

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Final answer:

Economic stability does not specifically refer to the fair distribution of goods. Full employment is a macroeconomic goal. Inflation is a rise in the prices of goods and services.

Step-by-step explanation:

Economic stability means fair distribution of goods in an economy: This statement is not entirely accurate. Economic stability refers to the overall health of an economy, including factors like low inflation, low unemployment, and steady economic growth. It does not specifically focus on the distribution of goods.

Full employment is a macroeconomic goal: This statement is true. Full employment refers to the situation where all eligible workers in an economy have a job. It is considered a macroeconomic goal because it contributes to overall economic stability and growth.

Inflation is a rise in the prices of goods and services: This statement is true. Inflation refers to a sustained increase in the general level of prices for goods and services over a period of time. As inflation occurs, each unit of currency buys fewer goods and services.

User Xgord
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