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Fundamentals of Economics
, Second Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
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Chapter Review
Chapter 15:
Monetary Policy
- What does the Federal Reserve do?
- How is monetary policy set?
- What are the tools of monetary policy?
- What role do central banks play in the foreign exchange market?
- What are the determinants of the demand for money?
- How does monetary policy affect the equilibrium level of real GDP?
- What does the ECB do?
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