In class students took a quiz on the financial sector. Afterwards, students continued to work with the Money Market Model and the Aggregate Supply/ Aggregate Demand Curve. Students used the models to determine short-run effects of monetary policy on the economy (expansionary vs. contractionary). Students also learned that in the long-run, monetary policy only affects nominal interest rates and price level.
The homework is listed below and the notes are attached.
Notes - Long-Run effects of Monetary Policy
HW - Read Modules 33 and 34
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