quot; Visit the Federal Reserve website and answer the following questions What is the mission and legal mandate of the Federal Reserve System (FED)?…

“The Federal Reserve and Monetary Policy”

Visit the Federal Reserve website and answer the following questions

  • What is the mission and legal mandate of the Federal Reserve System (FED)?
  • What policy tools are available to the FED to achieve its mission?
  • What are the FED’s inflation and full-employment targets?
  • When the economy is struggling with high unemployment, should the FED undertake expansionary or contractionary monetary policy ?
  • What tools would they use to accomplish this?
  • How will the monetary policy you recommended above impact the interest rate, inflation rate, aggregate demand, and real GDP.

Don’t forget to play the FED GAME!  Details on Week 10 home page. Attach your winning game result to your post and earn 5 bonus points. Have fun!

 
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