Respond to the following: We are setting the stage for looking at the various steps of the OD process and for understanding the theory and practice…
September 3, 2020
Question1: TRUE/FALSE and EXPLAIN: “GDP is equal to $1 trillion in 2010 according to the expenditure approach.
September 3, 2020

What is the FED’s job and how does the FED manage the money supply? How do banks create money? Let’s explore these questions as we talk about the role of the Federal Reserve Bank, also known as the FED.

Reply to these questions in your post:

  • If the FED decides to continue the process of raising interest rates, what is the likely response of firms and households to the increased cost of borrowing?
  • Thinking back to the discussion on the deficit and the debt, how might an increase in the interest rate affect a decision by the government to allow continued large deficits?
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