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Introduction to Economics (Course Guide)

Course Materials

Course Competencies

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  •  define the functions of money
  • identify the tools of monetary policy
  • explain how monetary policy tools affect economic growth
  • explain how monetary policy tools affect unemployment
  • explain how monetary policy tools affect inflation
  • analyze pros and cons of selected monetary policy
  • compare and contrast fiscal and monetary policy
  • describe the role of the Federal Reserve system in implementing monetary policy
  • explain the functions of the Federal Reserve system
  • explain the composition of the Federal Reserve system

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