1) The Fed controls ______________ policy while politicians control __________ policy.
2) The three main tools the fed uses to implement its policy are______________, ______________, & __________________.
3) Provide the two main components of the Fed’s mandate that make up it’s ‘dual mandate’.
4) Briefly discuss the goal of QE 3?
5) Duration is often considered a measure of time, but in bond analysis, duration is really a measure of ______________?