The stabilization function's objective is to ensure economic stability by addressing economic variations.
- In inflationary periods: The government curtails expenditure or raises taxes to temper demand.
- During economic downturns: The government expands spending or lowers taxes to stimulate demand and production.
Identify the incorrect feature(s) of money supply (\(M_1\)) from the following:
(i) It is measured at a point of time.
(ii) It does not include stock of money held by the government.
(iii) It is always the currency in the hands of the Central Bank of a nation.