Question

Monetary policy is a term used to refer to the actions of central banks to achieve macroeconomic policy objectives such as price stability, full employment, and stable economic growth. In the United States, the Congress established maximum employment and price stability as the macroeconomic objectives for the Federal Reserve; they are sometimes referred to as the Federal Reserve's dual mandate. Apart from these overarching objectives, the Congress determined that operational conduct of monetary policy should be free from political influence. As a result, the Federal Reserve is an independent agency of the federal government. Fiscal policy is a broad term used to refer to the tax and spending policies of the federal government. Fiscal policy decisions are determined by the Congress and the Administration; the Federal Reserve plays no role in determining fiscal policy. -from The Board of Governors of the Federal Reserve System 1) According to this reading, fiscal policy decisions are A) not handled by Federal Reserve. B) used to help make prices more stable C) enacted to ensure full employment in the United States. D) set up by an independent agency of the federal government. 2) Which of these would be part of the "dual mandate" of the Federal Reserve? A) balancing imports and exports B) keeping inflation rates at 2% per year C) raising the minimum wage to adjust with inflation D) increasing the number of professional jobs each year

          Monetary policy is a term used to refer to the actions of central banks to achieve macroeconomic policy objectives such as price stability, full employment, and stable economic growth. In the United States, the Congress established maximum employment and price stability as the macroeconomic objectives for the Federal Reserve; they are sometimes referred to as the Federal Reserve's dual mandate. Apart from these overarching objectives, the Congress determined that operational conduct of monetary policy should be free from political influence. As a result, the Federal Reserve is an independent agency of the federal government. Fiscal policy is a broad term used to refer to the tax and spending policies of the federal government. Fiscal policy decisions are determined by the Congress and the Administration; the Federal Reserve plays no role in determining fiscal policy.
-from The Board of Governors of the Federal Reserve System
1) According to this reading, fiscal policy decisions are
A) not handled by Federal Reserve.
B) used to help make prices more stable
C) enacted to ensure full employment in the United States.
D) set up by an independent agency of the federal government.
2) Which of these would be part of the "dual mandate" of the Federal Reserve?
A) balancing imports and exports
B) keeping inflation rates at 2% per year
C) raising the minimum wage to adjust with inflation
D) increasing the number of professional jobs each year

Monetary policy is a term used to refer to the actions of central banks to achieve macroeconomic policy objectives such as price stability, full employment, and stable economic growth. In the United States, the Congress established maximum employment and price stability as the macroeconomic objectives for the Federal Reserve; they are sometimes referred to as the Federal Reserve's dual mandate. Apart from these overarching objectives, the Congress determined that operational conduct of monetary policy should be free from political influence. As a result, the Federal Reserve is an independent agency of the federal government. Fiscal policy is a broad term used to refer to the tax and spending policies of the federal government. Fiscal policy decisions are determined by the Congress and the Administration; the Federal Reserve plays no role in determining fiscal policy.
-from The Board of Governors of the Federal Reserve System
1) According to this reading, fiscal policy decisions are
A) not handled by Federal Reserve.
B) used to help make prices more stable
C) enacted to ensure full employment in the United States.
D) set up by an independent agency of the federal government.
2) Which of these would be part of the "dual mandate" of the Federal Reserve?
A) balancing imports and exports
B) keeping inflation rates at 2% per year
C) raising the minimum wage to adjust with inflation
D) increasing the number of professional jobs each year

Added by John G.

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