Lecture Issues in economics today - Chapter 12: Monetary policy
Lecture Issues in economics today - Chapter 12: Monetary policy
In this chapter, students will be able to: Describe the role of the Federal Reserve of the United States, define macroeconomic stability as the Fed’s primary goal while noting that controlling inflation has typically been the way it measures its success, integrate an understanding of the tools of monetary policy with their application utilizing an aggregate supply-aggregate demand model, describe the recent history of monetary policy and the Federal Reserve’s role in the 2007-2009 recession.