Question 1: Describe three ways in which the Federal reserve can change the money supply.
Question 2: If the Federal Reserve is going to adjust all of these tools during an economy that is growing too quickly, what changes would they make?
Question 3: If the Federal Reserve is going to adjust all of these tools during an economic recession, what changes would they make?
Question 4: What changes, if any, would you make to these tools at the next meeting of the Federal Reserve? Explain why and the benefits/drawbacks of this strategy.