Prior to beginning work on this discussion, Read Chapter 13 of Macroeconomics Private and Public Choice Monetary policy is largely determined by the Federal Reserve Bank (Fed) in the United States For this discussion, let's cordially debate the necessity of the Fed For your initial post address the following How does the Fed control the money supply Be sure to explain how they can expand or restrict the money supply How does the banking system create money List two to three pros and cons of the Federal Reserve Bank What is your conclusion is the Fed necessary Support your opinion

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Question: Prior to beginning work on this discussion, Read Chapter 13 of Macroeconomics: Private and Public Choice . Monetary policy is largely determined by the Federal

Prior to beginning work on this discussion,

Read Chapter 13 ofMacroeconomics: Private and Public Choice.

Monetary policy is largely determined by the Federal Reserve Bank (Fed) in the United States. For this discussion, let's cordially debate the necessity of the Fed.

For your initial post address the following:

How does the Fed control the money supply? Be sure to explain how they can expand or restrict the money supply.
How does the banking system create money?
List two to three pros and cons of the Federal Reserve Bank.
What is your conclusion: is the Fed necessary? Support your opinion.

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1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.

4. It is only at this point that you can give the problem your full attention in relation to the various ways you have framed the problem.