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

question 94

Multiple Choice

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

---

Definitions:

Tax

A required financial contribution or alternative type of tax placed on a taxpayer by a state authority to cover government outlays and assorted public spending.

Social Security Tax

A tax levied on both employers and employees to fund the Social Security program, which provides benefits to retirees, the disabled, and children of deceased workers.

Labor Tax

Taxes levied on the wages and income generated from labor, which can affect employment and labor supply decisions in the economy.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium outcome is not achievable or not achieved.