According to material, fiscal policies enacted by Congress are more likely to produce a delayed economic response than monetary policies implemented by the Federal Reserve. Answer choices: True or False 2. Suppose a firm has a current ratio of 3.5 presently. If the firm proceeds to issue short-term commercial paper and retains the proceeds in cash, which of the following is true? Question 2 options: The current ratio could either increase or decrease. The current ratio will decrease. The current ratio will not change. The current ratio will increase. 3. Which of the following is not one of the primary objectives of the Federal Reserve? Answer choices: stable prices new stock market highs rapid economic growth full employment