Compare the Fed's policy during Covid Recession (2020) to the policy during the Great Recession (2008-2009). How similar was the Fed's approach to combat the Covid Recession to the Fed's policy during the Great Recession? (You can use the charts below and compare data between these two periods)
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- What is the role of the Fed and the FOMC in the U.S. economy? A. The Fed is the world's central bank, and the FOMC is composed of the Fed chairman and the President of the United States. B. The Fed provides banking services to banks and governments, and the FOMC meets every six weeks to review the state of the economy. C. The Fed implements policy dictated by the White House, and the FOMC is its management committee. D. The Fed is the central bank of the United States, and the FOMC is a committee of the New York Fed.The Federal Reserve has raised the Federal Funds rate by 3.75 percent within the past year. Ifa bank had capital of 10 percent when the Fed began raising rates and has no loans at risk ofdefault, under what circumstances will its capital position be compromised? Please be specific.According to the textbook, explain why does The Fed have a better chance of fixing a recession caused by a drop in spending (AD) as compared to a recession caused by a loss of A, K eL (Solow)? No graphs are needed or wanted.
- Consider the following hypothetical scenario: actual GDP is measured to be 3% below potential. Measured unemployment, by most accounts, is thought to be 2% above the natural rate of unemployment. If inflation is relatively low: In this scenario, what would the Federal Reserve most likely do at the next few Federal Open Market Committee (FOMC) meetings? Assuming the Fed follows the policy course you set forth in part (1), what should the Fed be concerned with in the years that follow?2. The Fed is the most independent of all U.S. government agencies. What is the maindifference between it and other government agencies that explains the Fed’s greaterindependence?If the Fed sells Treasury bills then O only the market rate of interest on Treasury bills will fall. O the price of Treasury bills will rise and the market rate of interest on Treasury bills will fall. O the price of Treasury bills will fall and the market rate of interest on Treasury bills will rise. Oonly the price of the Treasury bill will fall.
- Provide one argument in favor of and one against theidea that the Fed was responsible for the housing pricebubble of the mid-2000sSince the end of the Great Recession of 2008, interest rates have been at historic lows—in some cases, close to zero. How is expansionary monetary policy, or more specifically a open market purchase, supposed to work and How do near-zero interest rates limit the ability of expansionary monetary policy to work? how effective has the Fed’s policy been as a response to the Great Recession of 2008 and more recently the Covid 19 Recession? short answer ( paragraph ) supported by evidenceWhich monetary policy tool can the Federal Reserve use to conduct an expansionary monetary policy (please state at least one instrument)? Which monetary policy instrument can the Fed use to conduct a restrictive monetary policy? Assume the country is experiencing high unemployment and a recession, such as during 2001, 2008-2009, and 2020. What is the Fed likely to do in this scenario? Discuss the effects of such policy on the economy. Can you give a specific example to what the Fed did during any of those recessions?
- 1. After the March 16, 2022 meeting Links to an external site.of the Federal Open Market Committee (FOMC) and the Federal Reserve Board, the Fed decided to _____ the _____, anticipating a(n) ______. Group of answer choices a. lower; discount rate; recessionary gap b. lower; discount rate; inflationary gap c. raise; real interest rate; recessionary gap d. raise; federal funds rate; inflationary gap 2. Aggregate supply (AS) changes (i.e., SHIFTS) with each of the following except: Group of answer choices a. Fiscal policy and monetary policy. b. Potential GDP changes. c. The money wage rate changes. d. The money prices of other resources change.Suppose that Federal Reserve increases the money stock by 20%. Create a graph that shows the long-run effect of the Fed's expansionary monetary policy.Suppose long-run potential GDP is $10 trillion in 2023, and actual measured GDP in 2023 turns out to be $9.5 trillion. (a) Calculate the short-run output as defined in our course, Ỹ. (b) Is the economy considered in recession in 2023? Explain why or why not. (c) Briefly explain what the Fed can do to bring short-run GDP to the potential level in 2024, using the short-run model we studied in the second half of the course.