Using these references, https://www.stlouisfed.org/open-vault/2020/march/understanding-role-monetary-policy-economy and https://www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/Monetary-Policy

1. Discuss the effect of monetary policy on inflation. To what extent can monetary policy influence inflation?
2. How can adjusting interest rates impact the economy?
3. Discuss the effect of interest rates on employment in the short run and the long run.
4. Describe the mechanism of how changes in monetary policy affect output and prices in the economy.
5. Reflection: the students should also include a paragraph in the initial response in their own words, using macroeconomic terminology, reflecting on what they learned from the assignment and how they think they could apply what they learned in the workplace or in everyday life.