Elucidate the effects of monetary policies on the economy

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Reference no: EM1365232

Define the purpose and function of money

Explain how the central bank manages a nation's monetary system.

Outline the stated direction of recent monetary policy in the United States.

List at least one policy action that the Federal Reserve has taken to confirm that direction.

Elucidate the effects of monetary policies on the economy's production and employment.

Reference no: EM1365232

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