The Name Given to Government Programs Implemented to Prevent or Shorten

question 131

Multiple Choice

The name given to government programs implemented to prevent or shorten recessions and counteract inflation is

• A)supply-side economics.
• B)contractionary policy.
• C)monetary policy.
• D)stabilization policy.

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Definitions:

Available Resources

The assets, materials, and inputs that are available for use in the production of goods and services.

Inferior Technology

Technology that is less efficient or effective compared to the available alternatives.

Production Possibilities Frontier

A curve depicting the maximum feasible combinations of two or more goods or services an economy can produce when all resources are fully and efficiently utilized.

Circular-flow Diagram

A Circular-Flow Diagram represents an economic model visually demonstrating the movement of money through markets between households and companies.