important economics questions plz answer!!!? - Freemason Hirams Travels Masonic Forums

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04-10-2008, 05:47 AM

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important economics questions plz answer!!!?

A. How is national output determined and measured and how must the composition of output be factored into determining a nations growth?

B. What is inflation, how is it measured, and what is its impact the economy?

C. What is money, what is its role, and what are its charactristics?

D. What is the role of the banking system and discuss the features of modern fractional reserve banking and the multiplier effect.

E. What is the Federal Reserve, what role does the Fed play, and detail the 3 tools they use to control monetary policy?

Just answer as much as you can, you can only answer one if you want, i am just trying to learn about this stuff, before i take the course at college.

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