Why are short-term and long-term goals important when it comes to money? Give an example of each.
Added by Raquel B.
Step 1
For example, saving up for a vacation in six months can be a short-term goal. Show more…
Show all steps
Your feedback will help us improve your experience
Chandra Jain and 60 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
. List at least three of your financial goals. Explain whether they are short-term, intermediate, or long-term
Jennifer S.
why is it important that your goals should be time bound
Sri K.
A balanced federal budget and a balance of trade are secondary goals of macroeconomics, while growth in the standard of living (for example) is a primary goal. Why do you think that is so?
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD