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Focus on Economic Data: The Federal Reserve and Monetary Policy, January 11, 2015
Source: Council for Economic Education (EconEdLink) | Type: Lesson
This lesson utilizes the December 16-17, 2014, statement of the Federal Reserve's Federal Open Market Committee (FOMC) to explore the Federal Reserve's twin goals of price stability and full employment. This lesson discusses the role and importance of inflationary expectations for economic stability and effective monetary policy.
Grades:
Concepts:
- Central Banking System
- Federal Reserve
- Inflation
- Macroeconomic Indicators
- Monetary Policy
- Tools of the Federal Reserve
Standards:
- Economics 8: Role of Price in Market System
- Economics 10: Role of Economic Institutions
- Economics 11: Role of Money
- Economics 12: Role of Interest Rates
- Economics 16: Role of Government
- Economics 18: Macroeconomy-Income/Employment, Prices
- Economics 19: Unemployment and Inflation
- Economics 20: Monetary and Fiscal Policy
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