Economic growth is one of the main issues which have been mentioned in this article. Economic growth deals with how a country can achieve development in the economy through a rise in GDP over a certain period. Economic growth can be at times long-run economic growth and this can be explained in how the rich or the poor countries experience instances of economic growth. At times, the economy can experience recessions which can lead to a decline in the rate of economic growth. A good example of a recessionary period is the Corona Pandemic which impacted the country. Therefore, economic growth is one of the main macroeconomic challenges.

Unemployment is another huge macroeconomic challenge. Unemployment is the lack of jobs or works for persons in the economy to undertake. Unemployment can be categorized into various types like frictional unemployment, structural, cyclical among other types of unemployment. When the unemployment rate is too high, the country is undergoing some macroeconomic challenges. On the other hand, when there is full employment in the economy, it implies that all resources are fully utilized.

Inflation is another main problem that has really impacted the economy. To start with, inflation is the consistent and persistent increase in the general price levels of goods and services in the economy. When the inflation levels are high, the general price of goods and services also tends to be high. The last factor is the lack of balance between the imports and the exports. The lack of balance can cause very heavy economic impacts on the country. Therefore, the country should be concerned with the macroeconomics challenges that impact the country at large.

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Explain in detail your recommendation to solve the 3 issue above in Macroeconomics.