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Reference no: EM131739173

Part 1:

Explain the impact technology will have on economic growth if it stopped changing or continues to change? Explain and give at least one example and make sure to use and identify several concepts from the chapter to be considered to receive full credit. 

Part 2:

In our readings this week, we learned that the Federal Reserve System of the United States is the U.S. central bank. Its main focus is to ensure our banking systems are solid and the overall economy is healthy.

  • With the current increase in our economic growth, what impact, if any, does this have on the Federal Reserve's decision to raise or lower interest rates?  Why or why not?
  • What is best for the economy? Rapid or steady growth? Which would the Federal Reserve prefer? 

Justify your answer by providing reasoning using the chapter reading.

Reference no: EM131739173

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