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2. President Neubaum recently won a landslide victory in November's election. The national economy is doing well but she is looking to help stimulate the

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2. President Neubaum recently won a landslide victory in November's election. The national economy is doing well but she is looking to help stimulate the economy. She wants to make a recommendation to the Federal Reserve Bank (FED) for a change in interest rate and asks you to write a memo describing what the FED should do Please write President Neubaum's memo to the Federal Reserve Bank and include the following: Should interest rates rise or fall to stimulate economic activity? Why? Describe what happens to money within the economy when interest rates rise. Discuss the impact on consumer spending. Describe what happens to money within the economy when interest rates fall. Discuss the impact on consumer spending Based on your decision (rates rising or falling) above, how will this decision impact the money supply controlled by the Fed? Why? How does this rise or fall impact economic growth? Provide detail and examples throughout

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