The statement included above is true.
The Federal Reserve is the US Central Bank. Its functions consist on controlling the money supply in order to soften recession periods, to maintain acceptable levels of inflation (price levels) and to ensure maximum employment figures.
The Federal Reserve is independent of the US goverment, its decisions do not need to be ratified by the President. This enables that the decisions taken are only triggered by economic aims and incentives, and there are no temptations, from the side of the goverment politicians, to use the mechanisms of the money supply to achieve short-term political or electoral goals. Money supply should be managed taking into account long-term economic objectives. Its independency from the goverment also makes it easier to approve policies than are unpopular but economically benefitial in the long-run, as afterwards, its Board of Directors will not be punished by the electorate.
However, the Federal Reserve works under the surveillance of the Congress.
Answer:
The answer is: Congress votes down a law providing a loan to a failing car manufacturer. laissez-faire approach referst to government approach to leave the private sector alone and let the market direct the growth of the economy.
Explanation:
There.
<u>Answer:</u>
Injury and death associated with traffic related crashes is one of our largest societal problems
<u>Explanation:</u>
- Despite several traffic laws in place, the number of road accidents has been observed to be not going down at the expected rate.
- The safety provisions made at different levels starting right from the insides of vehicle to the ones available on the road do not seem to have have helped to bring down the number of injuries and deaths happening from road accidents.
- Thus, the traffic related crashes and the deaths occurring due to these crashes have become a serious societal problem that needs to be resolved at earliest.
Answer:
A legislature is an assembly with the authority to make laws for a political entity such as a country or city.
Explanation: