Question
Hi , i need help with these 2 questions. Thank you so much for your help! 1st question: For each of the following misconceptions about
Hi , i need help with these 2 questions. Thank you so much for your help!
1st question:
For each of the following misconceptions about the Fed, identify what is wrong with the statement and why.
a/ The Federal Reserve lacks accountability because no one audits the Fed. there is no way to know what really goes behind the scenes.
b/The Federal Reserve just prints more money when the economy needs it and gives it to banks
c/ A government agency should not have os much control over the economy because politicians are always just going to do anything to win the next election.
2nd question:
The Fed has decreased the federal funds rate a nominal short term interest rate to 0% and yet the economy is still struggling. Explain what tools it still has at its disposal to help spur the economy and how it could use them.
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