select all the correct answers. which of the following statements are true? economic stability means fair…

select all the correct answers. 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.

select all the correct answers. 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:

  1. Economic stability refers to steady - state economic conditions like low inflation and stable growth, not fair distribution of goods.
  2. Full employment is indeed a macroeconomic goal aiming for the lowest possible unemployment rate.
  3. Inflation is a rise, not a fall, in the prices of goods and services.
  4. Microeconomics studies individual economic units like households and firms, not the economy as a whole (which is for macroeconomics).

Answer:

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