Practicing Success
What goals does macroeconomic decision makers usually have while making policies? |
Public goals Self-interests Corporate Goals All of the above |
Public goals |
The correct answer is option 1: Public goals These decision-makers are often tasked with pursuing public policy objectives aimed at promoting overall economic stability, growth, and welfare. These goals may include achieving full employment, price stability, sustainable economic growth, income distribution, and external balance. Macroeconomic policies are designed to address these broader societal objectives and promote the well-being of the economy as a whole. The primary focus of macroeconomic decision-makers is on advancing public goals and promoting the collective welfare of society. Macroeconomic players often have to go beyond economic objectives and try to direct the deployment of economic resources for such public needs like education, health, employment, etc. Such activities are pursued for the welfare of the country and its people as a whole. |