Question

part 1: which goal is it? directions: read the example/scenario and determine which economic goal this would be applied to? use your notes not google. (3 pts.) example/scenario economic goal the cost of everyday goods and services, like food and gasoline, is rising rapidly, eroding peoples purchasing power. this is inflation. a large portion of the workforce is unemployed, leading to hardship for individuals and families, and also representing a loss of potential economic output. a country goes through a period of decline in manufacturing output due to decreased consumer demand for its products. this leads to job losses and reduced overall economic activity.

Explanation:

1. Inflation is related to the economic goal of price - stability. When the cost of goods and services rises rapidly, it disrupts price - stability.
2. High unemployment is related to the economic goal of full - employment. A large unemployed workforce means the economy is not at full - employment.
3. Decline in manufacturing output and reduced economic activity are related to the economic goal of economic growth. A decrease in output and activity indicates a lack of growth.

Answer:

1. Price - stability
2. Full - employment
3. Economic growth