ECON 2162 How is monetary policy set

SHORT Answers: PLEASE ANSWER BRIEFLY 5 OF THE FOLLOWING1- How is monetary policy set? Who sets monetary policy? How does this policy affect inflation, the economy?2- What are the four functions of money? Please define each of the four functions.3- Why are financial intermediaries important and what is their role?6- What happens to interest rates when the economy recovers from a recession?8- What are the advantages and disadvantages of the Federal Reserve becoming more transparent about its actions and decisions and disclosing more information to the public?


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