stabilization and growth

According to Conte and Carr, they insist about stabilization and growth that “Perhaps most importantly, the federal government guides 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.” As you see, he emphasizes the overall stability and fairness. He argues it can be achieved by the role of the government such as regulating tax, controlling money supply and so on. Also he believes it can adjust the economy system properly.