Problem 1: Provide a brief history of the Federal Reserve, including an explanation of why it was created
Problem 2: Explain what the dual mandate is and how it guides the actions of the Federal Reserve
Problem 3; Explain the tools used to regulate the money supply
Problem 4: Explain who controls fiscal policy and how it attempts to close a recessionary gap.
Problem 5: Describe why it is important for the Federal Reserve to maintain its independence from Congress.
Problem 6: Why might Congress attempt to influence the Fed's actions?
References - List any references used.