Question

Give an example of two economic goals conflicting with each other

Answer 1

Any country around the world has certain targets for becoming an ideal and economically stable nation. Economic goals of full employment, stability, economic growth, efficiency, and equity are widely considered to e beneficial and worth pursuing for a country to achieve economic stability. Full employment and price stability are goals that conflict with each other. Full employment is an economic situation in which all the available labor resource is being used in the most efficient way possible while price stability implies avoiding both prolonged inflation and deflation.

Answer 2

Full Employment or Job Security clashes with Price-level solidness. As the quantity of individuals that are working builds up, the likelihood of expansion of prices with regards to inflation also rises as well.It's a very crucial short term example of an economic tradeoff between unemployment and inflation.