Which of the following correctly describes a primary responsibility of the UK's Office for Budget Responsibility (OBR) within the fiscal policy framework?
Designing and executing discretionary fiscal policy changes to actively manage aggregate demand and close the output gap.
Independently assessing whether the government's policies have a greater than 50%50\%50% chance of achieving its legislated fiscal rules.
Managing the auction and issuance of government bonds (gilts) to fund the public sector net cash requirement.
Auditing the financial statements of individual government departments to ensure value for money in public spending.
