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The three main major macroeconomic goals of any society are:

  • A.Maintaining stable prices, reducing interest rates and achieving high rate of economic growth
  • B.Maintaining high levels of employment, increasing the supply of money, and achieving high rate of economic growth
  • C.Maintaining stable prices, high levels of employment and achieving high rate of economic growth
  • D.achieving high rate of economic growth, reducing unemployment and reducing rate of interest

Answer: C

The three main macroeconomic goals of a society are stable prices (low inflation), a high level of employment (low unemployment) and a high rate of economic growth. The other options include reducing interest rates or increasing the money supply, which are means and not goals. The answer is maintaining stable prices, high levels of employment and achieving a high rate of economic growth, option C. Reducing interest rates and raising the money supply are tools of policy, and they are not goals in themselves.

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