Question

question 21 (1 point)
which of the following entities is responsible for setting the discount rate which then influences interest rates in the united states?
congress
the office of management and budget
the executive office of the president
the federal reserve
question 22 (1 point)
what is a government program called that provides benefits to all citizens who meet eligibility requirements?
a basic program
an entitlement program
an envelopment program
a recessionary program
question 23 (1 point)
unemployment insurance is what type of federal program?
non - means - tested
means - tested
monetary policy
fiscal policy

Explanation:

• Question 21: The Federal Reserve (the central bank of the United States) has the authority to set the discount rate. The discount rate is the interest rate at which banks can borrow from the Federal Reserve. Changes in the discount rate influence other interest rates in the economy. Congress is mainly involved in fiscal policy (taxing and spending), the Office of Management and Budget helps prepare the federal budget, and the Executive Office of the President assists the President in various administrative tasks.
• Question 22: An entitlement program is a government - sponsored program where citizens who meet certain eligibility criteria (such as age, income - related work history in some cases) are entitled to benefits. A basic program is a very general and non - specific term. An envelopment program is not a standard term in this context. A recessionary program would be related to combating a recession, which is not the same as providing benefits based on eligibility.
• Question 23: Unemployment insurance is a non - means - tested program. To receive unemployment insurance, a worker must have lost their job through no fault of their own (in most cases) and have worked for a certain period. It is not based on a means test (which would assess a person's income and assets to determine eligibility). Monetary policy is related to the management of the money supply and interest rates (done by the Federal Reserve). Fiscal policy is about government spending and taxation.

Answer:

• Question 21: the Federal Reserve
• Question 22: an entitlement program
• Question 23: non - means - tested