Q1. What tools does the Federal Reserve use to enact monetary policy? What is expansionary monetary policy? What is contractionary monetary policy?
Q2. Explain how the quantity theory of money differs from the Keynesian view of money. Does expanding the money supply lead to real economic growth? Why or why not?
Q3. What is the current level of the US trade deficit? What is the trend of the trade deficit over the last five years? Is the trade deficit a major macroeconomic concern for the US economy?
Q4. If you were able to advise the Trump Administration, what would you suggest for US trade policy? Should the US look to enact trade restrictions in the form of quotas and import tariffs?