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Question
who controls the fiscal policy in the usa?○ households○ the federal reserve○ businesses○ the federal governmentquestion 6 0.16 ptswhat does the law of supply and the law of demand explain?○ the total productive output of a country.○ the relationship between the price of a good and the quantity supplied and demanded.○ the role of the federal reserve in monetary policy.○ the relationship between inflation and gdp.
For the first question: Fiscal policy involves government spending and taxation, which is controlled by the federal government (Congress and the President). The Federal Reserve controls monetary policy, while households and businesses do not set fiscal policy.
For Question 6: The Law of Supply states that higher prices lead to higher quantity supplied, and the Law of Demand states that higher prices lead to lower quantity demanded. Together they explain the link between a good's price and the quantities supplied and demanded.
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- The Federal Government
- The relationship between the price of a good and the quantity supplied and demanded.