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Make sure you know which calculator to bring to your test. You know what they say: don't bring a buffalo chip to an Ultimate Frisbee tournament. I lost a lot of friends that day...

Monetary Policy

Monetary Policy

Monetary Policy Options

Goose continues, "Okay, so to finish up the 15 minutes a year economic lecture, these are the things you have to keep in mind." And he keys a powerpoint on his monitor:

To Fight Recession:

  • Lower interest rates 
  • Lower reserve requirements
  • Buy securities

To Fight Inflation:

  • Raise interest rates 
  • Raise reserve requirements
  • Sell securities

"And they are sensitive to a host of data from all over Creation.com.  For The Seven, you will almost certainly have a question or three on...

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