The primary macroeconomic objectives of government policy are to achieve price stability, low unemployment, and sustainable economic growth.
Tag: macro objectives
potential growth
Potential growth is the sustainable, long-run increase in an economy’s maximum output capacity, driven by improvements in the
actual growth
Actual growth is the short-term percentage change in a country’s real GDP, driven by an increase in aggregate
unemployment
Unemployment occurs when individuals who are actively seeking work are unable to find employment. It serves as a
economic growth
Economic growth refers to the expansion in the production of goods and services within an economy over a