Suppose the Federal Reserve System decides to purchase $150 billion of US Treasury bonds from the general public. If the reserve requirement is currently 20%, then the nation’s money supply will eventually ____ as a result of the FED’s actions. (2 pts)

If the economy is in a recession, the Federal Reserve System would most likely pursue _____, which causes interest rates to _____.

Which of the following acts created the Central Bank of the United States as we know it today?

Each member of the Federal Reserve System’s Board of Governors receives a term of ____ years in length.

Economists believe that it may take ______ for market behavior to respond to a change in Monetary Policy.

Who currently serves as the Chairman of the Federal Reserve?

Statement 1: Changing the reserve requirement is a powerful tool which can cause abrupt changes in the money supply. Statement 2: Making a change in the reserve requirement is frequently done by the Federal Reserve System.

The rate of interest charged by Federal Reserve District Banks when they lend reserve dollars to private banks is called the:

Which component of Aggregate Demand is most heavily impacted by Monetary Policy?

What interesting event took place on March 26, 2020 in response to the COVID-19 pandemic?