t's been a year now since the pandemic first struck an astonishing, painful year.

Almost overnight in March 2020, reality for so many in America changed. All the hopes, expectations and plans that the new decade had brought were replaced with fear and uncertainty.

Darcey, a mother in small-town in New York, lost her job as a diner waitress and was unable to put food on the table for the first time in her life.

"I was not thinking that it would impact me the way it did," she shared. "I completely panicked. I had never gotten help. I felt like I'd lost so much control over myself, my bills, my daughter."

Across the nation, millions of kids were at risk of hunger for the first time ever, and others had to struggle even more to receive food that was already hard to get.

t's been a year now since the pandemic first struck an astonishing, painful year.

Almost overnight in March 2020, reality for so many in America changed. All the hopes, expectations and plans that the new decade had brought were replaced with fear and uncertainty.

Darcey, a mother in small-town in New York, lost her job as a diner waitress and was unable to put food on the table for the first time in her life.

"I was not thinking that it would impact me the way it did," she shared. "I completely panicked. I had never gotten help. I felt like I'd lost so much control over myself, my bills, my daughter."

Across the nation, millions of kids were at risk of hunger for the first time ever, and others had to struggle even more to receive food that was already hard to get.

t's been a year now since the pandemic first struck an astonishing, painful year.

Almost overnight in March 2020, reality for so many in America changed. All the hopes, expectations and plans that the new decade had brought were replaced with fear and uncertainty.

Darcey, a mother in small-town in New York, lost her job as a diner waitress and was unable to put food on the table for the first time in her life.

"I was not thinking that it would impact me the way it did," she shared. "I completely panicked. I had never gotten help. I felt like I'd lost so much control over myself, my bills, my daughter."

Across the nation, millions of kids were at risk of hunger for the first time ever, and others had to struggle even more to receive food that was already hard to get.

t's been a year now since the pandemic first struck an astonishing, painful year.

Almost overnight in March 2020, reality for so many in America changed. All the hopes, expectations and plans that the new decade had brought were replaced with fear and uncertainty.

Darcey, a mother in small-town in New York, lost her job as a diner waitress and was unable to put food on the table for the first time in her life.

"I was not thinking that it would impact me the way it did," she shared. "I completely panicked. I had never gotten help. I felt like I'd lost so much control over myself, my bills, my daughter."

Across the nation, millions of kids were at risk of hunger for the first time ever, and others had to struggle even more to receive food that was already hard to get.

EXPLAIN YOUR ANSWERS

Questions 18

Free Response Question II (20/100 points) Image and section of article removed due to copyright reasons. Please see Fed boosts interest rates a quarter-point. Central bank says economy has 'regained some traction' By Martin Wolk. Chief economics correspondent. MSNBC. Updated: 6:41 p.m. ET Sept. 24, 2004. This article is available at: http://www.msnbc.msn.com/id/6064674/ For the following 3 questions, please use the information aboveFree Response Question II (20/100 points) Image and section of article removed due to copyright reasons. Please see Fed boosts interest rates a quarter-point. Central bank says economy has 'regained some traction' By Martin Wolk. Chief economics correspondent. MSNBC. Updated: 6:41 p.m. ET Sept. 24, 2004. This article is available at: http://www.msnbc.msn.com/id/6064674/ For the following 3 questions, please use the information aboveFree Response Question II (20/100 points) Image and section of article removed due to copyright reasons. Please see Fed boosts interest rates a quarter-point. Central bank says economy has 'regained some traction' By Martin Wolk. Chief economics correspondent. MSNBC. Updated: 6:41 p.m. ET Sept. 24, 2004. This article is available at: http://www.msnbc.msn.com/id/6064674/ For the following 3 questions, please use the information above

1.How does the central bank (the Fed in the US) raise the interest rate? (You should limit your answer to no more than two sentences) (6 points)

2.When the Fed raises the interest rate, what happens to the price of bonds? Why? (You should limit your answer to no more than two sentences) (7 points)

If lowering output was the main objective of the Fed when it raised the interest rate, can fiscal policy achieve the same objective? How? (You should limit your answer to no more than two sentences) (7 points)