Due Nov. 15th @ 7pm - Federal Reserve - Money Supply curve - real gross domestic product (GDP).

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Question 1 - Respond to the following in a minimum of 175 words:

Explain the major functions of the Federal Reserve.

Discuss why the money supply curve is vertical.


Question 2 - Respond to the following in a minimum of 175 words:

Explain the chain of events that occurs for expansionary and contractionary monetary policy to affect the long-run equilibrium level of real gross domestic product (GDP). 

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