What is the general effect of easy monetary policy
Problem
Summarize the debate between "Discretion" and "Rules" for the Federal Reserve. What is the general effect of easy monetary policy on the behavior of banks, lenders, consumers, and fraudsters (think Madoff)?
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Discuss the meaning of the Quantity Theory of Money and explain how the classical economists arrived at this theory from the equation of exchange.
What is the general effect of easy monetary policy on the behavior of banks, lenders, consumers, and fraudsters (think Madoff)?
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