Problem
1. Which countries have their monetary policy made by the ECB? How is the ECB different from the Federal Reserve?
2. If the Fed increases the money supply, what will happen to each of the following (other things being equal)?
a. Interest rates
b. Money demand
c. Investment spending
d. Aggregate demand
e. The equilibrium level of national income
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.