Economic stabilization activity,which is the responsibility of the executive and legislative branches of the U.S.government,is called ________,while that presided over by the U.S.central bank is called ________.

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Fiscal policy is the economic stabilization activity that is the responsibility of the executive and legislative branches of the U.S. government, while monetary policy is that presided over by the U.S. central bank. Deficit financing, functional finance, supply-side economics, liquidity preference, incomes policy, and commercial policy are all specific policies or theories within fiscal or monetary policy. Positive economics and normative economics are not relevant to this question.

Economic Stabilization Activity,which Is the Responsibility of the Executive and Legislative