Excluded from the list of those having primary responsibility for making fiscal policy is the
A) president of the United States.
B) Council of Economic Advisers.
C) Federal Reserve System.
D) Congressional Budget Office.
E) Joint Economic Committee of Congress.

Question

Quizplus · Accepted Answer

The Federal Reserve System is responsible for monetary policy, not fiscal policy, so it is excluded from the list of those having primary responsibility for making fiscal policy. The other options listed, including the president, Council of Economic Advisers, Congressional Budget Office, and Joint Economic Committee of Congress, all have some level of responsibility for making fiscal policy.

Excluded from the List of Those Having Primary Responsibility for Making