You will use a two-year time period being 2007-2009. For this period, you should analyze Fed policymaking through key macroeconomic indicators of the business cycle. For your time period, use actual data and write at least one paragraph on each of the following indicators: economic growth as measured by real GDP the price level, i.e., if inflation was problematic interest rates and how they were influenced by the Fed the targets and goals of monetary policy and the Fed Chairman's leadership in attaining them

Introductory paragraph states the thesis, i.e., the general conclusion that is supported by the body of the paper.

Second paragraph is a general description of data presented in tables or graphs. There should be at least one table/graph per indicator. Tables/graphs should be labeled, the data source must be identified, and they should be on a separate page or pages as an attachment between the body of the paper and the Works Cited page. Data may be found in Federal Reserve Bulletin and other sources (see below). Remaining paragraphs address the four indicators listed above, including more detailed analysis of data. The conclusion summarizes and restates the thesis.

1,000 - 1,200 words, not including the Works Cited page. Verify this with word-count in your software and include the actual word count typed at the bottom of the last page of text, before the attachments and Works Cited page. Points will be deducted for no word count, word count in the wrong place, and for counts under 1,000 or those over 1,200.

Utilize the sources below:

Bernanke, B. (2009). The Crisis and the Policy Response. Board of Governors of the Federal Reserve System. https://www.federalreserve.gov/newsevents/speech/bernanke20090113a.htm - Federal Reserve Board - Crisis response. (2021, May 10). Board of Governors of the Federal Reserve System. https://www.federalreserve.gov/monetarypolicy/bst_crisisresponse.htm#:~:text=The%20 Federal%20Reserve%20responded%20aggressively - Why have interest rates been raised? and what's the impact? (n.d.). https://commonslibrary.parliament.uk/why-have-interest-rates-been-raised-and-whats- the-impact/ - Were There Any Periods of Major Deflation in U.S. History? (n.d.). Investopedia. Retrieved March 30, 2024, from https://www.investopedia.com/ask/answers/040715/were-there-any-periods-major- deflation-us-history.asp#:~:text=The%20most%20recent%20deflationary%20period - Author, blog. (2014, August 13). Why Didn't Inflation Collapse in the Great Recession? Liberty Street Economics. https://libertystreeteconomics.newyorkfed.org/2014/08/why-didnt-inflation-collapse-in- the-great-recession/#:~:text=However%2C%20core%20inflation%20declined%20by - Rich, R. (2013, November 22). The Great Recession | Federal Reserve History. Www.federalreservehistory.org. https://www.federalreservehistory.org/essays/great- recession-of-200709#:~:text=Real%20gross%20domestic%20product%20(GDP