Week 3 Reflection

Team A Week 3 Reflection

ECO 372 Principles of Macroeconomics

University of Phoenix Online

Team A Week 3 Reflection

Looking back on week three, the team discussed the role of the Federal Reserve and how they implement the U.S. monetary policies and how they work. The Contractionary and Expansionary policies are the one in the system that are used to control the amount of currency and the interest rates. We also learned how the money multiplier worked in order to effectively create money. We discussed how the Federal Reserve buys and sell bonds in order to add money into circulation or to take it out. We also discussed option two, the economic critique for our team assignment.

This week outlined Contractionary and expansionary monetary policy, which a few of us had a few...