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What is monetary policy and who controls it? What is meant by easy money? How would the money supply change? How would the Fed use
- What is monetary policy and who controls it?
- What is meant by "easy money?" How would the money supply change? How would the Fed use one of its tools to do this?
- How does an increase in the supply of money affect Aggregate Demand?
- Draw an AD/AS graph showing a recessionary gap on the whiteboard. What fiscal policy action could be used by Congress to close this gap? Show the shift on your graph. Why does this action return the economy to full employment GDP?
- The Phillips Curve shows the tradeoff between the inflation rate and the unemployment rate. What would have to happen in the economy to make both of these rates better?
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Vector Mechanics for Engineers Statics and Dynamics
Authors: Ferdinand Beer, E. Russell Johnston Jr., David Mazurek, Phillip Cornwell, Brian Self
11th edition
73398241, 978-0073398242
