Which of the Following Are Policy Instruments Available to the Fed

question 5

Multiple Choice

Which of the following are policy instruments available to the Fed as it tries to achieve its macroeconomic goals?
I. government expenditures on goods and services and taxes
II. the government budget deficit or surplus
III. changes in the federal funds rate

• A) I and II
• B) III only
• C) II and III
• D) II only

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Definitions:

M'Naghten Test

A legal criterion for determining insanity, which holds that a defendant is not responsible for their criminal actions if, due to a mental disorder, they did not understand the nature of their acts or did not know right from wrong.

Criminal Case

A legal proceeding against an individual or entity accused of committing a crime.

Terminology

The body of terms and expressions pertaining to a specific subject or field of study.

Voluntary Consent

Agreement or permission given freely and willingly by a competent individual without any form of coercion or duress.