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Author Question: Which of the following is a characteristic of the Gramm-Rudman Act? (Read 111 times)

erikka246

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Question 1

Which entity is responsible for implementing monetary policy?
◦ the Office of Management and Budget
◦ Congress
◦ the Federal Reserve
◦ the World Bank

Question 2

Which of the following is a characteristic of the Gramm-Rudman Act?
◦ It called for automatic 10% cuts on existing programs if Congress couldn’t move toward a balanced budget in a given year.
◦ It established the organizational structure of the House and Senate Budget Committees.
◦ It established a flat tax for those citizens who earn less than $10,000 per year and a progressive tax for those who earn more than $10,000 per year.
◦ It gave the Federal Reserve the power to control both monetary and fiscal policy for purposes of objectivity.


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Marked as best answer by erikka246 on Mar 9, 2022

Snabbey

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erikka246

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Reply 2 on: Mar 9, 2022
YES! Correct, THANKS for helping me on my review


scottmt

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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