Answer:
D). The Federal Reserve.
Explanation:
As per the question, the 'federal reserve system' is the agency that is responsible for supervising the money supply in the United States. It is stated as <u>U.S.A's central banking system that it has a number of responsibilities to fulfill</u>. The primary responsibilities include the supervision of financial institutions, regulating the money supply in the economy, fiscal agent of the government of the United States. etc. Therefore, it primarily works for ensuring a stable, flexible, and guarded monetary as well as the financial system. Thus, <u>option D</u> is the correct answer.
The Constitution limits the power of the national government
by two methods, Federalism and Separation of Power. Federalism limits the power
of the Federal Government by splitting powers to the National Government and
the states, while some powers are shared among both. Separation of Powers
limits the power of the government by dividing those powers to all three
branches of government to make it more stable. The separation of powers was put
into place so the federal government are kept distinct in order to prevent
abuse of any power. Federalism was included in the U.S. Constitution to show
how both the government and the state’s share equal power as well as share the
same powers. The Constitution helps with limiting the powers of both the
national government and the states to create a stable nation.
Your answer would be A & C.
A because they idea of the Articles of Confederation looked much better on paper, to unite the 13 Colonies, and C because, once the Articles were put into play, Congress never had any real power.
<u>Problem of classical economics pointed by John Maynard keynes:</u>
He was complaining about economists who believed that unemployment would be reduced or eliminated after the recession if the market is not somehow stimulated or steered in right direction. He agreed that this strategy can work in long run, however, in short run, it would pose some problems due to people’s nature of hoarding money and banking preferences.
The classical economists believed that in the midst of a great depression and recession, the government should not do much and the economy would recover on its own which may take decades for such to happen.
