Federal Reserve and Monetary Policy
Continue with the industry you selected in Unit II for this assignment. For this Unit VII Assignment, write a script for a radio/television show as if you were interviewing an expert concerning topics discussed in this unit.
Include input from both the interviewer and interviewee standpoint. What questions would you ask as the interviewer? What answers would you give to those questions as the interviewee? When writing your questions and answers, keep in mind that you have already learned a lot about your industry through earlier assignments in this course. It is suggested that you review your responses to those assignments before beginning this one.
-In your interview script, address the following topics:
-the structure of the Federal Reserve,
-the functions of money,
-six qualities of ideal money,
-the tools of monetary policy used by the Federal Reserve to manipulate the money supply in the United States,
-the potential impacts on your selected industry over the next 2 years of this monetary policy stance.
Your script must be a minimum of four pages (1,000 words, double-spaced). Adhere to APA Style when creating citations and references for this assignment. APA formatting, however, is not necessary.
Answer preview
Interviewee: In their research, Labonte (2020) notes that Expansionary policy boosts a country’s economy by increasing the money supply, while the contractionary policy slows down economic growth by reducing the money supply. Currently, the United States economy is under the expansionary policy. It is because the government has placed more liquidity in the economy to protect the economy from collapsing due to the COVID-19 recession.
Interviewer: At the beginning of this session, I encouraged those in the food and beverage industry to be attentive. What do you think is the potential impact of expansionary policy in this industry in two years to come?
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Federal Reserve and Monetary Policy
