Which of the following constitute the Federal Reserve's dual mandate? Question 14 options: Maximize consumer surplus and reach full employment. Reach full employment and stabilize prices. Maximize consumer surplus and stabilize prices. Reach full employment and optimize long-run growth. Reach full employment and maximize bank profits. Maximize consumer surplus and optimize long-run growth.
Which of the following constitute the Federal Reserve's dual mandate? Question 14 options: Maximize consumer surplus and reach full employment. Reach full employment and stabilize prices. Maximize consumer surplus and stabilize prices. Reach full employment and optimize long-run growth. Reach full employment and maximize bank profits. Maximize consumer surplus and optimize long-run growth.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Which of the following constitute the Federal Reserve's dual mandate?
Question 14 options:
Maximize
Reach full employment and stabilize
Maximize consumer surplus and stabilize prices.
Reach full employment and optimize long-run growth.
Reach full employment and maximize bank profits.
Maximize consumer surplus and optimize long-run growth.
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