Author Question: What portion of the federal government is responsible for monetary policy, and how does it affect ... (Read 113 times)

ghost! · **on:** Jul 10, 2018

What portion of the federal government is responsible for monetary policy, and how does it affect the economy?

What will be an ideal response?

Question 2

In the early 1970s, fuel shortages and long lines at gas stations resulted from an oil embargo imposed by __________ in response to American support of Israel in its war against Egypt.

Fill in the blanks with correct word

sierramartinez · **Reply #1 on:** Jul 10, 2018

Answer to Question 1

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.

Answer to Question 2

the Organization of Petroleum Exporting Countries (OPEC)