Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 30 - Fiscal Policy, Deficits, and Debt - Questions - Page 633: 1

Answer

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Work Step by Step

The Council of Economic Advisers (CEA) is a panel of three economists appointed by the President to offer expertise and aid in economic matters. They commonly recommend discretionary fiscal policies, involving deliberate adjustments in government spending and tax collections, aimed at achieving full employment, controlling inflation, and promoting economic growth. These fiscal actions are employed by the Federal government as a means to stimulate the economy or curb inflation, with the ultimate goal of managing the nation's financial well-being. The current chair as of 2023 under the presidentship of Joe Biden is Jared Bernstein, along with Heather Boushey and Kirabo Jackson.
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