Who is responsible for setting monetary policy in the U.S.? How
is this group chosen?
If the Fed wants to increase the money supply, list and
describe 3 ways they can accomplish this.
Under what economic conditions would the Fed wish to increase
(expansionary policy) or decrease (contractionary policy) the money
supply?
How would an increase in the money supply likely affect
interest rates, investment, aggregate demand, the price level,
output, and employment?
Why might monetary policy fail?
6. What...