which of the following statements are true? economic stability means fair distribution of goods in an…

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.

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

Brief Explanations:

  • Economic stability refers to stable economic growth, low - inflation, etc., not fair distribution of goods.
  • Full employment is indeed a macroeconomic goal aiming for maximum employment in the economy.
  • Inflation is a rise in the general price level of goods and services, not a fall.
  • Microeconomics studies individual economic units like households and firms, not the economy as a whole (that's macroeconomics).

Answer:

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