Question

What are the three main goals of macroeconomics?

Short answer

Full employment, economic growth, and price stability.

Step-by-step solution

Definition

Microeconomics:

Macroeconomics is a branch of economics that allows economists and other specialists to provide precise information on key determinants of national income and employment, such as aggregate demand and aggregate supply. Increased aggregate demand and supply cause the gross domestic product to grow because it results from increased production activities, which raise the overall value of goods and services produced.

Explanation

Economic growth, full employment, and price stability are the three key macroeconomic goals for the United States and most other countries. The economic well-being of a country is dependent on carefully identifying these objectives and selecting the best economic policies to achieve them.