Discussion Post: Principles of Macroeconomics
By law the Federal Reserve is required to monitor unemployment and inflation. Respond to the following components:
a) How does the Federal Reserve accomplish these goals?
b) What are the pros and cons of using contractionary and expansionary monetary policy tools under the following scenarios: recession or depression and robust economic growth?
c) What tool is the most appropriate among the different monetary policy tools available today?
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.