ECONOMICS
FISCAL POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The goals of monetary policy include (more than one answer-pick all correct answers for credit):
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regulating the amount of money circulating in the economy
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Keep inflation high
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Keep inflation low
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Keep unemployment low
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Raise the unemployment levels
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Explanation:
Detailed explanation-1: -It is the Federal Reserve’s actions, as a central bank, to achieve three goals specified by Congress: maximum employment, stable prices, and moderate long-term interest rates in the United States (figure 3.1).
Detailed explanation-2: -Thus, the main objective of monetary policy is to control cost and availability of money.
Detailed explanation-3: -The Chakravarty committee has emphasized that price stability, growth, equity, social justice, promoting and nurturing the new monetary and financial institutions have been important objectives of the monetary policy in India.
There is 1 question to complete.