Which of the following are the twin statutory goals of the Fed?
A)price stability and maximum economic growth
B)maximum employment and maximum economic growth
C)maximum economic growth and equitable distribution of income
D)price stability and maximum employment
E)price stability and equitable distribution of income

Question

Quizplus · Accepted Answer

The twin statutory goals of the Fed are price stability and maximum employment, as set forth in the Federal Reserve Act. This means that the Fed's primary responsibility is to ensure that prices remain stable and that as many people as possible are employed. While maximum economic growth and equitable distribution of income are important policy concerns, they are not the Fed's primary goals.

Which of the Following Are the Twin Statutory Goals of the Fed