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Goals of macroeconomic policy of a country

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Reference no: EM132647743

Question 1: What are the four Goals of Macroeconomic Policy of a country?

Question 2: Country A and Country B have identical population growth rates of 1 percent per annum, and everyone in each country always works 40 hours per week. Labor productivity grows at a rate of 2 percent in Country A and a rate of 2.5 percent in Country B. What are the growth rates of potential GDP in the two countries?

Question 3: Why is it not as terrible to become unemployed nowadays as it was during the Great Depression? "Unemployment is no longer a social problem because unemployed workers receive unemployment benefits other benefits that make up for most of their lost wages." Give your Comment.

Reference no: EM132647743

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