Assignment:
1. What does the Fed do to implement expansionary monetary policy? Draw the federal funds market with expansionary monetary policy
2. What does the Fed do to implement contractionary monetary policy? Draw the federal funds market with contractionary monetary policy
3. List and draw all the graphs showing all the ripple effects that happen in the economy when the Fed initiates expansionary monetary policy through the federal funds rate.
4. List and draw all the graphs showing all the ripple effects that happen in the economy when the Fed initiates contractionary monetary policy through the federal funds rate.