Stabilization Policy Used During the Great Recession Could Be Abstracted

question 34

Multiple Choice

Stabilization policy used during the Great Recession could be abstracted by a

• A)decrease in aggregate demand.
• B)decrease in aggregate supply.
• C)increase in aggregate demand.
• D)increase in aggregate supply.

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Definitions:

Disposable Income

The net income available to an individual or household after all taxes have been deducted, available for spending or saving.

Savings

The portion of income that is not spent on consumption but rather set aside for future use or investment.

C

In programming, C is a high-level and general-purpose programming language that is widely used for system and application software, device drivers, and embedded firmware.

Disposable Income

Income available to an individual or household after deducting income taxes and other mandatory charges.