1. What are the tools of Monetary Policy? What is the difference between the M1 money supply

and the M2 money supply?

What are the tools of fiscal economic policy?

Has Monetary policy alone been able to end a depression?

2. Discuss the different types of unemployment.

What is the natural rate of unemployment? What is the relationship between unemployment

and inflation. How has the labor

force changed over the last 50 years?

Will raising the Federal minimum wage to $15/hour solve the problem of poverty in America?

3. Discuss these current issues in Macroeconomics:

a. The crowding out effect.

b. Time lags in monetary and fiscal policy.

c. The rational expectation theory of Robert Lucas.

d. Stagflation