Question
Part IV. Define and illustrate the following macro-economic themes. Using Charts / formula and real life examples (if applicable) to show your understanding. (27 Points) 1.Gross Domestic Product (GDP) 2.Balance
of Trade 3.Federal Reserve Board (The Fed) 4.Define monetary policy and list and describe the four basic tools 5.Business cycle 6.Fisher Effect 7.Phillip Curve
Fig: 1
Fig: 2
Fig: 3
Fig: 4
Fig: 5
Fig: 6
Fig: 7
Fig: 8
