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Statement I: Large denomination CDs are not part of M2,but are part of M3.
Statement II: Small denomination CDs are part of M2,but not of M3.
Discretionary Fiscal Policy
Government policy that involves adjusting its spending levels and tax rates to monitor and influence a nation's economy.
Cabinet Members
High-ranking government officials, typically heads of departments or agencies, who serve as advisors to the President or head of state.
Federal Outlays
Government spending or expenditures, including all amounts paid out by the federal government, typically categorized by function.
Capital Budget
A Capital Budget involves the planning and allocation of funds for long-term investments and infrastructure projects.
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