1) Review the current state of the economy including GDP, inflation, unemployment.
2) Discuss the last time the federal funds and discount rates were increased as well as the last time they were decreased. Also discuss whether the Federal Reserve is currently more concerned about inflation (is it too high), GDP/economic growth (is it too weak), and unemployment (is it too high).
3) Discuss the consequences of changes in interest rate on inflation and unemployment. Also discuss the segments of society, such as younger workers, older workers, minority groups, retirees, low-income households, high-income households, goods-producing firms, services-providing firms, etc., that are hurt most by an increase in inflation as well as those who are hurt most by an increase in unemployment.
4) Discuss the ethical implications of the Federal Reserve's actions to reduce unemployment at the risk of raising inflation. Also discuss the ethical implications of the Federal Reserve's actions to reduce inflation at the risk of raising unemployment.
1) Review the current state of the economy including GDP, inflation, unemployment.
2) Discuss the last time the federal funds and discount rates were increased as well as the last time they were decreased. Also discuss whether the Federal Reserve is currently more concerned about inflation (is it too high), GDP/economic growth (is it too weak), and unemployment (is it too high).
3) Discuss the consequences of changes in interest rate on inflation and unemployment. Also discuss the segments of society, such as younger workers, older workers, minority groups, retirees, low-income households, high-income households, goods-producing firms, services-providing firms, etc., that are hurt most by an increase in inflation as well as those who are hurt most by an increase in unemployment.
4) Discuss the ethical implications of the Federal Reserve's actions to reduce unemployment at the risk of raising inflation. Also discuss the ethical implications of the Federal Reserve's actions to reduce inflation at the risk of raising unemployment.
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