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05/09/2020
Macroeconomic Objectives are the key goals of the government of a nation aimed at the nation’s welfare and growth.
There are five key macroeconomic objectives, which are mentioned in the table below:-
This can be easily remembered as “PIEEE” (PIE with two extra E)
MACROECONOMIC OBJECTIVES
P PRICE STABILITY – A low & stable rate of inflation
I INCOME DISTRIBUTION–Equal Distribution of Income
E ECONOMIC GROWTH – A steady rate of increase in the national output
E EMPLOYMENT –A low level of unemployment
E EXTERNAL STABILITY –A favourable balance of payments (BOP) position
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Macroeconomic Objectives Macroeconomic Objectives August 20, 2020 economicstutor Leave a comment Macroeconomic Objectives are the key goals of the government of a nation aimed at the nation’s welfare and growth. There are five key macroeconomic objectives, which are mentioned in the table below:- This can be easily rememb...