1. Consider EXPANSIONARY MONETARY policy in the U.S.
2. (a) (2 pts) What is a SPECIFIC policy that could be done here, meaning what is a specific action and direction that the relevant entity could do here (NOT their eventual goal; that's next)?
3. (b) (6 pts) Describe at least four links in the causal chain starting with this policy and ending with its domestic impact on U.S. GDP/Aggregate Demand, and make sure to also describe each and every multiplier effect that happens.
4. (c) (2 pts) Recall our discussions of interest rates, exchange rates and aggregate demand. What would be the international impact on U.S. GDP/Aggregate Demand of the above policy?