Question: 1) What is the zero lower bound on interest rates? What does it imply about the effectiveness of conventionalmonetary policy? 2) What is Quantitative Easing?

1) What is the zero lower bound on interest rates? What does it imply about the effectiveness of conventionalmonetary policy?

2) What is Quantitative Easing? When might it be needed and why? How would it help the economy?

3) Do economistsusuallyprefer to use monetary or fiscal policy to fight a recession? Why?

4) Do economists generally support a Gold Standard? Why or Why Not?

5) What is seignioragerevenue? How can governments use seignioragerevenue to decrease the debt?

6) What is money neutrality? Does it hold in the short-run? Does it hold in the long-run? Why or why not (for both)?

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