The Federal Reserve has a dual mandate (or responsibility) that requires it to focus first and foremost on which two things?

Question

Reagan Huffman

Social Studies

7 November, 20:20

The Federal Reserve has a dual mandate (or responsibility) that requires it to focus first and foremost on which two things?

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Answers (1)

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Lawson Archer · Answer 1

Answer: The correct answer is : stable prices and also maximum employment

Explanacion: The objective of stable prices means keeping the inflation rate low and unpredictable. The goal of maximum employment means attaining the maximum sustainable growth rate of potential GDP, keeping real GDP close to potential GDP, and keeping the unemployment rate close to the natural unemployment rate.