How do the Economics concepts we just covered impact the economy, you and your family, your friends and your employer? Write a three to four sentence explanation of why each idea / concept is important to you and how it affects your life. Below are the concepts. Below are the 10 Concepts:
1) Functions of the Federal Reserve System
2) Depository Institution Reserves
3) Federal Deposit Insurance
4) How Deposit Insurance Causes Increased Risk Taking by Bank Managers
5) Can Deposit Insurance Be Reformed?
6) How the FED Influences Interest Rates
7) Relationship between the Price of Existing Bonds and the Rate of Interest
8) Effects of an Increase in the Money Supply
9) The Net Export Effect of Contractionary Monetary Policy
10) The Net Export Effect of Expansionary Monetary Policy