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5) Briefly discuss the organization of the Federal Reserve. Include

Question : 5) Briefly discuss the organization of the Federal Reserve. Include : 1940420

5) Briefly discuss the organization of the Federal Reserve. Include in your answer a discussion of the individuals/groups who make decisions about monetary policy.

6) Discuss and explain each of the instruments of monetary policy.

7) Explain what role money illusion plays in determining the Fed's ability to affect output in the short run.

8) Explain what is meant by shoe-leather costs.

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