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SSC MTS 2023 PYQ — Question 73

SSC MTS - 03 May 2023 - Shift 2 • General Awareness • Q73

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The intervention of the government whether to expand demand or reduce it constitutes the __________.

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Correct answer: C

Explanation

The correct answer is option 3 i.e. stabilisation function.

  • The intervention of the government in managing demand to stabilize the economy is indeed referred to as the stabilization function.
  • This typically involves actions such as fiscal policy (government spending and taxation) and monetary policy (control of the money supply and interest rates) aimed at achieving economic stability.