Researching and reading additional articles are highly recommended, and including them in your bibliography.
Explain the functions of money making sure to give examples based on your everyday experience.
Explain the two core objectives of the Federal Reserve in managing the U.S. money supply. Discuss in detail three of the tools that the Fed uses to adjust the money supply to meet these objectives.
How do changes in the money supply affect nominal interest rates? What is the relationship between bonds and interest rates?
What are the lags in monetary policy? Why are the lags important? What does John Williams, President of the Federal Reserve Bank of San Francisco, say about what are the current goals of monetary policy and what kind of information is needed to make decisions?
Do you think that the Federal Reserve can be successful in its core objectives?