Economic growth is ________.

Question

Quizplus · Accepted Answer

Economic growth is the third goal of the Fed, which is the increase in an economy's output of goods and services. This is important because it leads to a higher standard of living and increased employment opportunities. While the Fed's operations may not directly affect the level of growth, their decisions on monetary policy can impact economic conditions that affect growth, such as interest rates and inflation. Therefore, promoting economic growth is an important consideration for the Fed in achieving its overall goals.

Economic Growth Is ________