Question
Assess the following statements. Which one best describes monetary policy?(1 point)
Responses
Monetary policy focuses on spending and taxation.
Monetary policy focuses on spending and taxation.
Monetary policy tries to create the highest economic growth rate.
Monetary policy tries to create the highest economic growth rate.
Monetary policy focuses on the money supply.
Monetary policy focuses on the money supply.
Monetary policy was discredited in the 1970s.
Responses
Monetary policy focuses on spending and taxation.
Monetary policy focuses on spending and taxation.
Monetary policy tries to create the highest economic growth rate.
Monetary policy tries to create the highest economic growth rate.
Monetary policy focuses on the money supply.
Monetary policy focuses on the money supply.
Monetary policy was discredited in the 1970s.
Answers
GPT-4o mini
The statement that best describes monetary policy is:
**Monetary policy focuses on the money supply.**
Monetary policy primarily involves the management of the money supply and interest rates by central banks to influence economic activity, inflation, and overall financial stability.
**Monetary policy focuses on the money supply.**
Monetary policy primarily involves the management of the money supply and interest rates by central banks to influence economic activity, inflation, and overall financial stability.