Money supply (in billions of dollars) 50 40 30 O 1928 MONEY SUPPLY 1929 1930 1931 1932 (b) The money supply in the Great Depression 1933 Bank holiday. March 1933 1934 1935 1936 Year 1-Explain the graph. Why this graph is important for Friedman? Discuss your answer in detail.
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- A well-known economic model called the Phillips Curve (discussed in The Keynesian Perspective chapter) describes the short run tradeoff typically observed between inflation and unemployment. Based on the discussion of expansionary and contractionary monetary policy, explain why one of these variables usually falls when the other rises.TOPIC: Dynamic Model of Money Explain this statement: "The dynamic model of money starts with the economy in a steady state, or long-run equilibrium."H3. Which of the following statements is true regarding the Federal Reserve? Group of answer choices The Fed was generally ineffective before the late 1980's because it engaged in pro-cyclical monetary policies. The Fed was ineffective because of did not know about open market operations (OMO). The Fed's switch from pro-cyclical to anti-cyclical monetary policy played an important role is decreasing macroeconomic volitivity. All of the above are true.
- True, False, or Uncertain A central bank that increases the money supply in its economy has more effect on spending the moreinterest rate responsive (elastic) is the money demand curve.The Chairman or Chairlady or Fed Chair (a politically correct term) of the Federal Reserve Bank has the power to override the votes of the FOMC and can independently carry out the monetary policy that they want as an individual. The FOMC is merely an advisory board to the Fed Chair. The FOMC has no real power, it's the Fed Chair (currently Jerome Powell) who has 100 percent of the power over U.S. monetary policy.If the fed orders a contractionary monetary policy, describe what will happen to the following variables relative to what would have happened without the policy: 1. Net exports 2. The price level. Please type out the correct answer with step by step proper explanation of it . Will give you upvote only for the correct answer.(need answer in 50 min max. )
- The supply of money is vertical because it is assumed thatA. the Fed controls the money supply. B.banks create money through the multiplier process. C. bank behavior in creating money is pro-cyclical. D. all of the above.Compare the Keynesian and Monetarists theories. Describe why they disagree with each other over how the money supply affects the economy. Use examples.Hey I need help with a macroeconomics question, thank you in advance! The answers to these questions are based on the Federeal Reserves Feb 1, 2023 press release: 1. What decision did the committee reach regarding the federal fund 2. What do you expect to happen to the money supply 3. What do you expect to happen to the inflation
- Reflections on a classic: A Monetary History of the United States, 1867 to 1960, by Milton Friedman and Anna Schwartz, is a classic study of monetary policy and was published in 1963. Read the interview with Anna Schwartz available at www.minneapolisfed.org/pubs/region/93-09/int939.cfm, and explain what you think was the main contribution of this book. (Other interesting interviews with famous macroeconomists are gathered at http://minneapolisfed.org /pubs/region.)Explain in detail the process of Monetary Policy transmission of an increase in the cash interest rate. Use relevant graphs to describe how a Central Bank action on the interest cash rate ripple through the economy and lead to the target policy goal. (Three connected diagrams should be used: (1) money supply and demand (2) investment demand schedule (3) AS/AD diagram. Interest rates is the variable that connects the first and second diagram).Hello, I need help with a macroeconomics question. Thank you in advance! The answers are based on a short exerpt from the Federal Reserves press release from Feb 1, 2023 (attatchde below). 1. According to the first paragraph of the statement, what factors did the committee consider in making their decision? 2. Explain how the factors mentioned above relate to the Federal Reserve ’s dual mandate.
