The Federal Reserve's 'dual mandate' refers to its goals of:

The Federal Reserve's 'dual mandate' refers

Multiple choice — select the best answer

AControlling inflation and managing the national debt
BRegulating banks and stabilizing the stock market
CMaximizing tax revenue and controlling inflation
DMaximum employment and stable prices

✓ Correct answer: D. Maximum employment and stable prices The Fed's dual mandate from Congress is to promote maximum employment and stable prices (price stability/low inflation). A third implicit goal is moderate long-term interest rates, sometimes called a triple mandate.

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Topic: Economic Factors

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