1) Define the current state of our economic health in the United States . You sh
ID: 1186577 • Letter: 1
Question
1) Define the current state of our economic health in the United States. You should include statistics (inflation, unemployment, and GDP) to confirm the direction.
2) Explain who is in charge (and who assists) with the stabilization of the economy in the United States.
3) What is the direction of recent monetary policy? HINT (visit http://www.federalreserve.gov). Then, click on the monetary policy tab. Then, click on the most recent report (it will be at the top, right of this page). Listing specific policies (at least two) enacted is required. How does monetary policy affect the US production and employment?
4) How has the US current economic situation affected you and your family.
Explanation / Answer
1)
The U.S. Department of Labor tracks unemployment and reports the unemployment rate: the percentage of the labor force that
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