According to the text, in many respects, the single most powerful economic policymaker in the United States is
A) Congress.
B) the Federal Reserve.
C) the President.
D) the Supreme Court.

Question

Quizplus · Accepted Answer

The text states that "the single most powerful economic policymaker in the United States" is the Federal Reserve. It goes on to discuss the role of the Federal Reserve in setting monetary policy and controlling interest rates, which greatly influences the overall health and direction of the economy. While the President and Congress also have significant influence over economic policy, the Federal Reserve's actions and decisions can have a more immediate and direct impact on the economy.

According to the Text, in Many Respects, the Single Most