Changes in GDP in the Short Run

Select one question and write a 200-word response.  What is the main reason for changes in GDP in the short run? When Congress established the Federal Reserve in 1913, what was its main responsibility? When did Congress broaden the Fed’s responsibilities? What are the Fed’s four monetary policy goals? Who does the Federal Reserve measure inflation? Can the Fed eliminate recessions? What is “quantitative Easing? Why is the Fed targeting both the money supply and interest rate? What is financial leverage? What is a monetary policy target? Why does the Fed use policy targets? What is the federal funds rate? What role doe it play in monetary policy?

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