If the Fed wanted to respond to a recession, what would they want to do to the money supply? What three actions could they use to make that happen?

WW If the Fed wanted to respond to a recession, what would they want to do to the money supply? What three actions could they use to make that happen? If the Fed wanted to respond to a period of ination, what would they want to do to the money supply? What three actions could they use to make that happen? How do changes to the money supply affect the interest rate? How do changes to the interest rate affect investment? Fiscal and Monetary Policy Game-- Extra Credit!! So, you all have opinions on whether fiscal or monetary policy works best for our economy, now it's your turn to try your hand at them! Play each of the games below, then answer the questions that go along with it. Completion will add 10 points onto a quiz grade. The Fiscal Ship Game: https://fiscalship.org/ (See the Governing Goals on the next page for more explanation) 1. Which goals did you choose? Why did you choose these goals? 2. How difficult was it to pursue your goals while also hitting the debt target? Which of your goals were most difficult to achieve? 3. Did the game make you reevaluate your initial governing goals? Why or why not? 4. How has playing the game changed your thinking about fiscal policy?Chair the Fed Game: (https://sffed-education.org/chairthefed/) 1. What are the goals for inflation and employment? 2. How difficult was it to keep the economy on track? Why? 3. What shock occurred during your game? 4. How has playing the game changed your thinking about monetary policy