Answer :
The use of money and credit controls to achieve macroeconomic goals is known as monetary policy. Option B is correct.
The central bank of a country is in charge of monetary policy. In the United States, this is the Federal Reserve Board.
Money and credit controls are utilized by the central bank to execute monetary policy. Interest rates are frequently altered as a result of changes in money supply.
A reduction in interest rates increases the money supply, while an increase in interest rates reduces the money supply. Fiscal policy, on the other hand, involves the use of government spending and taxation policies to achieve macroeconomic goals.
Supply-side policy refers to policies aimed at promoting the supply of goods and services in the economy, while eclectic policy refers to the use of a combination of policies to achieve macroeconomic goals.
In conclusion, the use of money and credit controls to achieve macroeconomic goals is referred to as monetary policy. Monetary policy is the method used by the central bank to manage the money supply to attain its economic goals. Option B is correct.
Learn more about macroeconomic goals here
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