Macroeconomic Aims of a Government

The government and policymakers of a country intervenes in the economy in order to achieve economic growth, price stability, and low rate of unemployment.
First and foremost, economic growth can be defined as an increase in the country's output over a period of time. This means there is an increment in her productive capacity hence a rise in national income. A high economic growth is desirable as it represents an improvement in the material standard of living of the society. …