An Introduction to Macroeconomic Objectives
- Macroeconomic Objectives are goals set by the government aimed at improving the overall economic performance of a country as well as the quality of life of its citizens
Diagram: The Macroeconomic Objectives
Governments want their economies to grow and prosper
- The government aims to achieve these objectives through the use of macroeconomic policies
- It can be difficult to achieve some outcomes simultaneously
- E.g. High economic growth and stable price levels can be in conflict with one another