Question

2.028) ______ which answer is not part of the federal reserve?
a. commercial banks that are members
b. the 12 regional federal reserve banks
c. council of monetary policy
d. federal open market committee
e. board of governors
2.029) ______ the federal reserve system raises the discount rate to slow down the economy.
a. monetary policy b. fiscal policy
2.030) ______ the federal government increases its spending to stimulate the economy.
a. monetary policy b. fiscal policy
2.031) ______ the government raises taxes to slow the economy down.
a. monetary policy b. fiscal policy
2.032) ______ the reserve ratio is lowered so that consumers will spend more to stimulate the economy.
a. monetary policy b. fiscal policy
2.033) ______ surplus and deficit spending are ways of influencing the state of the economy.
a. monetary policy b. fiscal policy

Explanation:

2.028: The Federal Reserve's structure includes 12 regional banks, Board of Governors, Federal Open Market Committee; member commercial banks are part of the system, while there is no "Council of Monetary Policy" as a component.
2.029: Changing the discount rate is a tool used by the Federal Reserve to adjust the money supply, which is monetary policy.
2.030: Government spending levels are set by federal fiscal authorities, making this fiscal policy.
2.031: Tax policy is a core tool of fiscal policy, controlled by the federal government.
2.032: Adjusting the reserve ratio is a monetary policy action by the Federal Reserve to alter lending capacity.
2.033: Surplus/deficit spending relates to government budget decisions, a key part of fiscal policy.

Answer:

2.028) C. Council of Monetary Policy
2.029) A. monetary policy
2.030) B. fiscal policy
2.031) B. fiscal policy
2.032) A. monetary policy
2.033) B. fiscal policy