Textbook Reading Guide – Unit 13 Monetary Policy
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. Now we focus on monetary policy. Re-read Chapter 15 again, but pay close attention this time to sections 15.3 and 15.4. I might be a good idea to do a refresh and re-read the portion of chapter 14.4 on money creation that discusses the “money multiplier”.
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