Q.The study of alternating fluctuations in business activity is referred to in Economics as :

Macroeconomic policy aims at four main objectives: economic growth (a steady rise in real output and living standards), price stability (avoiding high inflation and deflation to protect the value of money), full employment (ensuring all who are willing to work at the going wage can find jobs, i.e. eliminating involuntary unemployment), and external balance (a sustainable balance of payments for an open economy). These are pursued through fiscal policy (government spending and taxation) and monetary policy (the central bank's manageme …