Stabilization Policy Refers to Attempts to

question 70

Multiple Choice

Stabilization policy refers to attempts to

• A)shift the AD curve to smooth short-run fluctuations in output.
• B)shift the SRAS curve to smooth short-run fluctuations in output.
• C)shift the AD curve to keep the price level as low as possible.
• D)shift the SRAS curve to keep the nominal interest rate as low as possible.

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Definitions:

Congressional Committee

A legislative sub-organization in the United States Congress that handles specific duties and responsibilities, aiding in the legislative process.

Iron Triangle

The policy-making relationship among the congressional committees, the bureaucracy, and interest groups.

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