Solved: Why fed also give it great power to engage in harmful action, Macroeconomics

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Why fed also give it great power to engage in harmful action

Problem

The Fed was given great power in 1913 to undertake potentially beneficial actions. Did this also give it great power to engage in potentially harmful actions? Explain why or why not.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Why fed also give it great power to engage in harmful action

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