____________________Is a Relative Measure Defined as the Point Where a Family

question 16

Short Answer

____________________is a relative measure defined as the point where a family spends 20 percent more of its income on food,clothing,and shelter.

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Definitions:

Policy Activism

An approach whereby government or policymakers actively intervene in the economy to achieve certain goals, like reducing unemployment or controlling inflation.

Economic Instability

A situation where an economy experiences significant fluctuations in its economic activities, such as employment, output, and prices, often leading to uncertainty and unpredictability.

Activist Monetary Policy

Activist monetary policy refers to proactive measures taken by central banks to counteract economic fluctuations through adjusting interest rates and altering the money supply to stabilize the economy.

Monetarists

Economists who believe that variations in the money supply have major influences on national output in the short run and the price level over longer periods, and that objectives of monetary policy are best met by targeting the growth rate of the money supply.