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lectur4-page22 - Federal Reserve System and the Federal...

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The Federal Reserve can increase or decrease the nation’s money supply in order to change the level of output and prices. The Federal Reserve Act lays out the goals of monetary policy. It specifies that, in conducting monetary policy, the
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Unformatted text preview: Federal Reserve System and the Federal Open Market Committee should seek “to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.” 22...
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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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