1. a) The video Monetary Policy 1 : Does the change in the discount rate affect money base or money multiplier? How to understand the "announcement effect" of discount rate changes? b) The Quantity Theory of Money (The video Monetary Policy 2): MV=PQ. - Which part in the equation means Total annual spending? Which part in the equation means Real GDP? Which part in the equation means Nominal GDP? - Is it true that increase money supply will always lead to the inflation (the increase in overall price level)? And Why? 1. a) The video Monetary Policy 1 : Does the change in the discount rate affect money base or money multiplier? How to understand the "announcement effect" of discount rate changes? b) The Quantity Theory of Money (The video Monetary Policy 2): MV=PQ. - Which part in the equation means Total annual spending? Which part in the equation means Real GDP? Which part in the equation means Nominal GDP? - Is it true that increase money supply will always lead to the inflation (the increase in overall price level)? And Why