What portion of the federal government is responsible for monetary policy, and how does it affect the economy?
What will be an ideal response?
An ideal response will:
1, Identify the Federal Reserve Board as the key bureaucratic component of the monetary system.
2, Explain the key measures the Federal Reserve Board can deploy to affect the money supply, including raising or lowering interest rates and buying or selling government bonds.
3, Explain how these tools encourage or discourage growth in the economy.
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Some argue that the current wariness of Americans of giving Washington too much power is a direct product of our revolutionary path to independence from a strong monarch. This view is referred to as path-dependent development
Indicate whether this statement is true or false.
The power to regulate immigration is best described as __________ power.
A. a concurrent B. an enumerated C. an implied D. a limited