Answer to Question #298631 in Macroeconomics for Jack

Question

Macro-economic objectives how use measures

Answer 1

One of the objectives of microeconomics is used to measure economic growth as economies experience ups and downs depending on various factors. Changes in the economy is measure by either increase and decrease of the level of output. Countries seek to acquire higher economic growth to improve the citizens living standards.

Price stability

Price fluctuation with a high degree are not recommended in stable economy. This can be measured by determining the rate of inflation in a specific country.

To determine the level of employment is a core objective of microeconomics to determine the economic development of a country, Unemployment can closely be associated with aggregate output of a certain region with a specific period.