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Identify the three primary macroeconomic goals countries have, and describe the importance of each. (4 points)

Briefly explain what inflation is. Then, describe how inflation can be both helpful and harmful to an economy. (4 points)

Briefly describe the four phases of the business cycle — expansion, peak, contraction, and trough — and the cause of each. Then, briefly explain how recessions and depressions fit into the business cycle. (4 points)

Identify and briefly explain the two primary functions of money. Then, explain how these two primary functions are related to each other. (4 points)

Identify the main role of a country's central bank. Then, identify and describe the three main monetary policy goals of central banks. (4 points)

. Respond to the following prompts about the goals and effects of government spending on the economy. (20 points)

a. In a sentence or two, explain the big-picture, overall goals of government spending on the economy.

b. Complete the chart by identifying four of the six types of government spending you learned about. Then, briefly define each and describe the effect it has on the economy or its citizens.

c. Compose a paragraph addressing the following question: In your opinion, which of the types of spending you identified has the greatest or most important impact on the economy? Support your response with relevant reasons or your own personal experiences, if applicable.

Respuesta :

Baraq

In macroeconomics, three goals countries have are: economic growth, price stability and full employment. Economic growth means a nation's ability to produce more goods and services over time.

What is inflation?

Inflation refers to an excessive rise in the prices of goods and services over time, weakening purchasing power. A small, however, positive inflation is economically good, while high inflation tends to impair the economy's long-term performance.

What are the phases of business cycle?

  1. Expansion: The first phase in the business cycle is expansion.
  2. Peak: The economy then reaches a saturation point, or peak, which is the second stage of the business cycle.
  3. Contraction: The contraction is the stage that follows the peak phase. The demand for goods and services starts reducing drastically and steadily in this phase.
  4. Trough: In this phase, the economy’s growth rate becomes negative.

What are the functions of money?

The primary functions of money include:

  1. store of value, and
  2. medium of exchange.

What is the purpose of government spending?

  • The goal is to achieve development in the supply-side of the macro-economy.

Therefore, the correct answers are as given above.

learn more about macroeconomics: https://brainly.com/question/17996535

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