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Why is the Fed concerned about inflation? That is, what is bad about inflation? If the Fed increases interest rates to slow the growth in

  • Why is the Fed concerned about inflation? That is, what is bad about inflation?

  • If the Fed increases interest rates to slow the growth in AD, what are the consequences of this policy (in terms of economic growth and employment growth)?

  • How does poor confidence on the part of firms affect monetary policy?

  • What explains the historical movement from commodity, to fiduciary, to fiat money?

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