Should the frs remain independent

Assignment Help Microeconomics

Reference no: EM131482615

Question: 1. You are the economics editor of the local newspaper. You have just received the following news items:

- "Congress has just adopted a new budget calling for tax cuts and a $50 billion deficit."

- "The FRS has just announced an increase in the discount rate, a signal that tight monetary policy is in the offing."

- Write a brief news story describing how these policies will likely affect inflation and unemployment in the short term and in the long run.

2. Should the FRS remain independent? Take a side and defend your choice.

Reference no: EM131482615

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