The name given to government programs implemented to prevent or shorten recessions and counteract inflation is
A)supply-side economics.
B)contractionary policy.
C)monetary policy.
D)stabilization policy.

Question

Quizplus · Accepted Answer

Stabilization policies refer to government programs that are implemented to prevent or shorten recessions and counteract inflation. These policies aim to stabilize the economy by influencing aggregate demand through fiscal and monetary policies. Supply-side economics focuses on increasing the supply of goods and services as a means of stimulating long-term economic growth, while contractionary policy refers to policies that aim to reduce aggregate demand to counteract inflation. Monetary policy is one instrument of stabilization policy, but it is not the same as stabilizations policy itself.

The Name Given to Government Programs Implemented to Prevent or Shorten