There are various main objectives in macroeconomic policy, each of which contributes to an explanation and...

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There are various main objectives in macroeconomic policy, each of which contributes to an explanation and understanding of macroeconomics. Briefly define the following macroeconomic objectives and explain in your own words how each can be applied to improve the economy: 3.1. Economic growth and increasing employment Stability of output and employment levels 3.2. 3.3. Stable and low inflation 3.4. Distributional and equity objectives and the reduction of inequality 3.5. Economic development and poverty reduction There are various main objectives in macroeconomic policy, each of which contributes to an explanation and understanding of macroeconomics. Briefly define the following macroeconomic objectives and explain in your own words how each can be applied to improve the economy: 3.1. Economic growth and increasing employment Stability of output and employment levels 3.2. 3.3. Stable and low inflation 3.4. Distributional and equity objectives and the reduction of inequality 3.5. Economic development and poverty reduction

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31 Economic Growth and Increasing Employment Economic growth is the increase in a countrys overall production of goods and services over a period of t... View the full answer