Explain why ensuring economic stability is an economics function of government?

What will be an ideal response?

Our economy sometimes faces the problems of high unemployment and rising prices. Perhaps most importantly, the federal government attempts to guide the overall pace of economic activity, attempting to maintain steady growth, high levels of employment, and price stability. By adjusting spending and tax rates (fiscal policy) or managing the money supply and controlling the use of credit (monetary policy), it can slow down or speed up the economy's rate of growth—in the process, affecting the level of prices and employment.

Economics

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The production period in which at least one input is fixed in quantity is the

A) production run. B) long run. C) short run. D) planning horizon.

Economics

Unanticipated inflation will benefit creditors at the expense of debtors

a. True b. False Indicate whether the statement is true or false

Economics