who sits on the monetary making body of the fed? * 2 points the 7 members of the board of governors the 12…

who sits on the monetary making body of the fed? * 2 points the 7 members of the board of governors the 12 federal reserve bank presidents 5 federal reserve bank presidents the 5 members of the board of governors in order to reduce the debt the government could use fiscal policy by ___ * 2 points raising taxes decreasing taxes lower interest rates decreasing government spending who uses monetary policy? * 1 point the federal reserve the government

who sits on the monetary making body of the fed? * 2 points the 7 members of the board of governors the 12 federal reserve bank presidents 5 federal reserve bank presidents the 5 members of the board of governors in order to reduce the debt the government could use fiscal policy by ___ * 2 points raising taxes decreasing taxes lower interest rates decreasing government spending who uses monetary policy? * 1 point the federal reserve the government

Answer

Brief Explanations:

  1. The Federal Open - Market Committee (FOMC), which is the monetary - making body of the Fed, consists of the 7 members of the Board of Governors and 5 of the 12 Federal Reserve Bank presidents. But when asked about who sits on the monetary - making body in a more general sense, the 7 members of the Board of Governors are key participants.
  2. Fiscal policy involves government spending and taxation. To reduce debt, the government can either raise taxes or decrease government spending. Raising taxes increases revenue and decreasing government spending reduces outlays.
  3. Monetary policy is used by the Federal Reserve. The government uses fiscal policy.

Answer:

  1. the 7 members of the Board of Governors
  2. raising taxes, decreasing government spending
  3. The Federal Reserve