Asked by Jaiden Hamilton on Jul 27, 2024
Verified
The duties of the Council of Economic Advisers are to advise the president of the United States and to determine U.S. monetary policy.
Council of Economic Advisers
A panel of three noted economists who advise the President of the United States on economic policy.
U.S. Monetary Policy
The process by which the Federal Reserve controls the supply of money in the U.S. economy to achieve stable prices, maximum employment, and moderate long-term interest rates.
- Understand the function and encouragement of economists and economic advisory teams in guiding governmental policy decisions.
Verified Answer
ZK
Zybrea KnightAug 02, 2024
Final Answer :
False
Explanation :
The Council of Economic Advisers advises the president on economic policy, while the Federal Reserve is responsible for determining U.S. monetary policy.
Learning Objectives
- Understand the function and encouragement of economists and economic advisory teams in guiding governmental policy decisions.