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lectur1-page13 - chaired by Ben Bernanke. The monetary...

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From a government policy perspective, macroeconomics focuses on two primary issues: • Fiscal Policy, which deals primarily with the amount of government spending and taxation. The Federal Budget is basically the government’s taxation and spending policy. • Monetary Policy, which is controlled by the Federal Reserve currently
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Unformatted text preview: chaired by Ben Bernanke. The monetary policy of the Federal Reserve affects short-term interest rates directly; and inflation and long-term interest rates indirectly. The current priority of Mr. Bernanke is to keep (inflation) in check. 13...
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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