Introduction to Macroeconomics Econ 104
Worksheet 7 – Monetary Policy, Monetarism, Bank Deregulation, the Financial Crisis
1. Monetary Policy, and Alan Greenspan, has been given credit for ending the last two economic
recessions, of 1991 and 2001. (Not the 2008 one) Explain.
2. What actions has the Fed been taking leading up to the current economic crisis? Discuss these
actions since 2004.
3. What were ways the Great Depression and bank failures changed the way we treated banks in the
1930’s? (What was the reason for bank regulation?)
4. What were some of the ways banks were deregulated starting in the 1980’s?
5. What was the argument