What impact does the monetary policy of the Federal Reserve have on the economy?
Previous Unit:Fiscal PolicyTaxes and Government Spending
This Unit:Monetary Policy
International Trade and Globilization
Questions to Focus Assessment and Instruction:
1. Describe how the decisions of the Federal Reserve impact the money supply2. Identify and assess the impact of minimum wage, tax policies, and interest rates have on the market3. Explain the role of government in protecting consumers, and how these protections act as incentives or disincentives on consumer behavior4. Identify the role of government in the promotion of economic growth and security6. Explain the role incentives have on governmental action, and how governmental incentives impact consumer economic behavior7. Identify the relationships between money supply, inflation and recession8. Define the roles and responsibilities of the Federal Reserve, and compare and contrast the consequences of policy actions to achieve macroeconomic goals