A government has the ability to use fiscal and monetary policy to mitigate the effects of economic fluctuations.

Approximately ________ people live in the United States and ________ people live in the world

A) 210 million; 5 billion B) 310 million; 7 billion C) 210 million; 6 billion D) 410 million; 8 billion E) 310 million; 3 billion

Fiscal and monetary policies adopted by the Carter administration in the first half of his term resulted in:

a. stable prices and low unemployment. b. deflation. c. a rapid rise in the inflation rate. d. a balanced federal budget.