Answer to Question #2712 in Macroeconomics for auroobirshad
"growth and unemployment are the main macro economic problem" discuss statement with global scenario?
Macroeconomic problems arise when the macroeconomy does not satisfactorily achieve the goals of full employment, stability, and economic growth. Unemployment results when the goal of full employment is not achieved. Inflation exists when the economy falls short of the stability goal. These problems are caused by too little or too much demand for gross production. Unemployment results from too little demand and inflation emerges with too much demand. Stagnant growth means the economy is not adequately attaining the economic growth goal. Each of these situations is problematic because society is less well off than it would be by reaching the goals.