Examlex
Which of the following best describes the two important aspects needed to stabilize living systems?
Fine-Tuning
The process of making minor adjustments to monetary and fiscal policy to stabilize the economy, aiming to maintain steady growth and low inflation.
Economic Stability
Economic stability refers to a condition where an economy experiences steady growth, low inflation, and minimal unemployment, thereby reducing uncertainty in economic planning.
Government Policies
A course or principle of action adopted or proposed by a government, political party, or ruling authority.
Stagflation
A situation in which the inflation rate is high, economic growth rate slows, and unemployment remains steadily high.
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