ECO 372 Week 3 Team Paper

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ECO 372 Week 3 Team Paper
ECO 372 Week 3 Team Paper
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ECO 372 Week 3 Team Paper

Each team member, other than the Team Leader, should select one of the five topics below. If a team has fewer than 6 members, you may leave off one or more topics so no one has to cover more than one. After selecting your topic and indicating your choice in the Team Discussion Forum, use the textbook and other sources to conduct your research, write your section, and edit your work (approximately 150 words in length). Follow the Team Leader’s guidance regarding how and when to post your portion and when to approve the final version of the paper.

Topics to be addressed in the paper:

  1. Provide some historical information about when and why the U.S. Federal Reserve was created.
  2. Describe the structure of the Federal Reserve System, including the Board of Governors, the Federal Open Market Committee, and the 12 District Banks.
  3. Why are the 12 Federal Reserve District Banks referred to as bankers’ banks (what functions do these banks perform)?
  4. Explain how the Fed can cause the money supply to grow at a faster rate and how such expansionary policy is likely to affect interest rates, employment, output, and prices.
  5. Explain how monetary policy can be used to slow down spending and bring inflation under control.

Team Leader: After combining the sections written by each team member, format the paper according to APA standards. Include a cover page and add an introduction and conclusion. Add section headings to separate each team member’s contributions. Include properly-formatted citations on the last page. Post the final draft to be approved by each team member. Click the Assignment Files tab to submit your team’s paper.