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The basis of this analysis is taken from McConnell and Brue (2001) "Economics ? Principles, Problems and Policies, 15th Edition" and Arnold (2001) "Economics Fifth Edition." References cited and used are at the end of the paper in the references section.
McConnell and Brue (2001) indicated that macroeconomics often uses the aggregate demand (AD) and aggregate supply (AS) framework of analysis to discuss the price level, GDP, Real GDP, unemployment, interest rates, discount rate and economic growth (Chap. 13 - 15).
Collins and Devanna (1994) stated, "Monetary policy refers to the government's control of the nominal stock of money, fiscal policy to its control over government expenditure and taxation" (p...
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Common topics in this essay:
- Federal Reserve and Monetary Policy
- Monetary & Fiscal Policies
- Monetary Policy Analysis
- Monetary Policy and the Federal Reserve
- Monetary Policy
- Monetary and Fiscal Policies
- To what extent does a policy of full employment conflicts with other government objectives?
- Tools of Monetary Policy
- U.S. Monetary Policy and What the Federal Reserve
- US Federal Reserve Monetary Policy
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- Monetary Policy Analysis
- What Is Monetary Policy
- The Federal Reserve Policy from 1999 to the Present:
- What do you understand by Economic and Monetary Union? To what extent does membership of an Economic and Monetary Union constrain a country's use of monetary and fiscal policy
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