Question
How do I answer this in a Macroeconomics class? In the last lecture I present various ways that the Federal government and the Fed have
How do I answer this in a Macroeconomics class?
"In the last lecture I present various ways that the Federal government and the Fed have been trying to alleviate the effects of the great recession. However, I omitted mentioning two additional items. First, individual states have been significantly reducing the number of state government workers. Second, the Dodd-Frank banking regulations that were passed in the aftermath of the banking problems increase the required amounts of bank reserves (also a provision of the Basel III accord that governs international banking). What effects will these two additional items have on the U.S. economy?"
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