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Discussion POST #1 Due by Tuesday Night 11:59pm est
Read the Explore and Apply 14.6 “How Independent Should a Central Bank Be?”, pp. 338-339. Then answer the following question: Since members of the Federal Reserve Board have so much power, should they be elected directly by the public? Explain. How could the Federal Reserve hurt the economy? Provide some examples of Fed actions that could be harmful and of the damage that could be done. How can the Fed help the economy? Provide examples.
DISCUSSION POST #2 Due by Thursday Night 11:59 est
Find a recent article from the magazine The Economist that examines a fiscal policy issue in the United States. Then, answer the following questions:
1. What is the fiscal policy issue?
2. What concepts from Chapter 15 are relevant to understand the fiscal policy issue examined in the article?
3. What are the arguments in favor and against the fiscal policy examined in the article?