1.Discuss why is money valuable. Discuss the different measures of the money supply.

2.Discuss in detail the key role that Irrational Exuberance played in the housing bubble!

3.List three reasons that U.S government securities are an attractive asset for a bank to hold.

4.Explain how the increase in foreclosures after the bursting of the housing bubble led to further increases in foreclosures.

5.Explain why the Fed is intended to be an independent central bank.

6.Explain what caused the Great Depression, according to Keynesian economists.