10 Questions
One of the main goals of policy makers is to keep prices low.
False
Policy makers have only two major goals.
False
Limiting unemployment is not a goal of policy makers.
False
Policy makers prioritize keeping the economy growing.
True
Policy makers aim to reduce economic growth.
False
One of the major goals of policy makers is to maintain a stable economic growth rate
True
Keeping prices low is one of the goals of policy makers
False
Policy makers have only one major goal
False
Limiting unemployment is one of the primary objectives of policy makers
True
Policy makers aim to reduce economic growth
False
Study Notes
Policy Makers' Goals
- Policy makers aim to achieve three primary objectives:
- Maintaining economic growth is a crucial goal for policy makers.
- Limiting unemployment is another key objective for policy makers, as it ensures a stable workforce.
- Keeping prices stable (not high) is a vital goal for policy makers, as it helps to prevent inflation and maintain economic stability.
Policy Makers' Goals
- Policy makers aim to achieve three primary objectives:
- Maintaining economic growth is a crucial goal for policy makers.
- Limiting unemployment is another key objective for policy makers, as it ensures a stable workforce.
- Keeping prices stable (not high) is a vital goal for policy makers, as it helps to prevent inflation and maintain economic stability.
This quiz covers the three primary objectives of policymakers in managing the economy, including economic growth, unemployment, and price stability.
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