Answer:
Explanation:
The system of checks and balances is an important part in the constitution which allows each branch of the three branches of the government which are the legislature, the judiciary, and the executive each to limit the powers of the other.This is very helpful because no branch becomes more powerful than the other. This system of checks and balances is primarily applied in the constitutional government.It relates to the president because the president administers the Executive Branch of the government.An example is the Federal government which has the three parts.which are the Executive which comprises of the president and the workers, the legislative which consists of senate and the house of representatives and the Judiciary which consists of the supreme court and the lower court.
The Federal Reserve uses its policy tools to affect the availability and cost of credit in the economy as it conducts monetary policy, which largely affects employment and inflation.
<h3>What is monetary policy?</h3>
- The Federal Reserve's actions and communications to advance maximum employment, stable prices, and moderate long-term interest rates—the three economic objectives that the Congress has directed the Federal Reserve to pursue—combine to form monetary policy in the United States.
- Reserve requirements, the discount rate, and open market operations are the three instruments the Fed has historically used to implement monetary policy.
- The actions performed by a nation's central bank to manage the money supply in order to maintain economic stability are referred to as monetary policy.
- For instance, policymakers use instruments like interest rates, reserves, bonds, etc. to manage the flow of money in order to increase employment, GDP, and price stability.
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A quick communication device would be important to the growth of United States because highly advance mass media and telecommunication system broadens the way of employment which help in the growth of country's national income and domestic production.
Explanation:
Highly advanced telecommunication system introduced new skills, enhance the work efficiency and capability of people and broadened the way of getting employment which is very important for increasing national income and domestic production ratio.
Introduction of telecommunication system through telephone and other devices modernized the living standard of U.S. people and shortened the mental distance of man. Due to the use of telephone one can reach mentally to the furthest corner of world having their nearest one.
