Reading Guide 12

Textbook Reading Guide – Unit 12 Federal Reserve/Central Banking

Jim’s comments:  I’ve split our discussion of the central bank (Federal Reserve in the U.S.) and monetary policy into two different units, but the textbook deals with them together in one chapter. As a resulty, I suggest reading Chapter 15 now. Read all of it, but pay close attention to the Introduction, 15.1, 15.2, and 15.3.   These parts describe the central bank and its “tools” and function.

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Table of Contents from Principles of Macroeconomics, 2e