Below is a list of websites that are helpful. please do not quote anything.

https://www.frbsf.org/education/teacher-resources/us-monetary-policy-introduction/real-interest-rates-economy/

• Understanding the Role of Monetary Policy in the Economy by Christine Smith, (Tuesday, March 31, 2020)

https://www.stlouisfed.org/open-vault/2020/march/understanding-role-monetary-policy-economy

• Monetary Policy: Stabilizing Prices and Output by Koshy Mathai

https://www.imf.org/external/pubs/ft/fandd/basics/monpol.htm

1. Discuss the effect of monetary policy on inflation. To what extent can monetary policy influence inflation?
2. How can adjusting interest rates make an impact on economy?
3. Discuss the effect of interest rates on employment in the short run and in the long run.
4. Describe the mechanism how changes in monetary policy affect output and prices in the economy.
5. How does monetary policy affect the U.S. economy?
6. Reflection what did you learn?