Assignment:
Participate in a discussion with your classmates regarding how monetary policies affect our lives. Review the "EYE on Your Life" caption titled, Your Views on Monetary Policy and How Monetary Policy Affects You, on page 445 in the textbook. Utilizing the knowledge that you have accumulated during our course, and by reading or watching the current news, determine the monetary policy issues that face our economy today. Specifically, discuss whether the greater monetary policy risk is inflation or recession, and share what actions you expect the Fed to take, as explained in the textbook, regarding their strategies to alleviate inflation or recession risks.