Inflation-unemployment-interest rates and exchange rates
Problem:
The topics of macroeconomics - inflation, unemployment, interest rates, and exchange rates - are the subject of newspaper headlines and television stories every day. In your own words, discuss how these concepts relate to each other.
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Question: Explain the difference between expansionary monetary policy and contractionary monetary policy.
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The topics of macroeconomics - inflation, unemployment, interest rates, and exchange rates - are the subject of newspaper headlines and television stories.
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Problem 1: What are the uses of money and how do banks create money?
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