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1 now that you know the difference between contractionary

1. Now that you know the difference between contractionary and expansionary monetary policy, imagine yourself as the Chairman of the Federal Reserve Board of Governors. Which monetary policy do you believe is more appropriate today and why?

2. Is money truly a flow of electrons? Explain why.

3. After reading about our monetary system, do you believe that monetary policy is being conducted independently in the United States? Explain your answer. Is it important for monetary policy to remain independent from all parties? Why or why not?

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