The 1977 congressional directive that the federal reserve system’s highest priorities should be full employment and price level stability is known as the dual mandate
This is further explained below.
What is dual mandate"?
Generally, A dual mandate is the practice of elected officials serving in more than one elected seat or other public position concurrently. This practice is also known as a dual mandate.
In conclusion, The term "dual mandate" refers to the mandate that Congress gave to the Federal Reserve System in 1977 specifying that its top priority should be maintaining both full employment and a stable price level.
Read more about the 1977 congressional directive
https://brainly.com/question/813888
#SPJ1
