Key macroeconomic objectives of the federal reserve

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1. What are the two subfields into which economics is divided? Explain what each subfield studies.

2. Who officially determines when a recession begins and ends in the U.S.? When was the last recession and how long did it last? (Indicate the start and end dates)

3. What are three measures of the economy during the business cycle? Which way do they move during an expansion? During a contraction?

4. What are two of the key macroeconomic objectives of the Federal Reserve?

Reference no: EM131083686

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