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Define the goals and objectives of the federal reserve

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You are a junior executive of a new cellular phone carrier called Technologies of the Future (TOF) that competes in the same market as Verizon Wireless, AT&T, and T-Mobile.

-Define the goals and objectives of the Federal Reserve.

-Identify the four monetary policy tools used by the United States and explain which monetary policy tool would influence the sale of smartphones in the U.S.

-Discuss the difference between expansionary monetary policy and contractionary monetary policy.

-Explain how expansionary monetary policy would lead to an increase in the sale of smartphones.

-Explain the difference between the M1 and M2 money supply.

-Identify whether an increase in the M1 or M2 money supply would lead to an increase in the sale of smartphones.

-Explain how higher interest rates and inflation would affect the sale of smartphones in the United States.

-Describe the two fiscal policy tools used by the federal government.

-Discuss the difference between expansionary fiscal policy and contractionary policy.

-Which fiscal policy tool has the greatest influence over the sale of smartphones in the United States and why?

Reference no: EM132795051

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