Macroeconomics

Essay specific features

 

Issue:

Business

 

Written by:

Hector C

 

Date added:

November 19, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1649

 

Was viewed:

8712 times

 

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Essay content:

(2) Intelligent management of regulation of the money supply (monetary policy). This paper is primarily focus on the monetary system in Macroeconomic and the paper will identified the tools that used by the Federal Reserve to control the money supply, Macroeconomic Factors, and the monetary policy combinations that best achieve a balance between economic growth, low inflation, and a reasonable rate of unemployment...
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Later when paper money and checkable deposits were introduced, they were convertible into commodity money. The abandonment of convertibility of money into a commodity since August 15, 1971, when President Nixon discontinued converting U.S. dollars into gold at $35 per ounce, has made the U.S. and other countries' monies into fiat money-money that national monetary authorities have the power to issue without legal constraints...
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