1. � Assignment: Federal Reserve, Banking, and Inflation   Due Date:  Day 7 (Individual forum)   · �    Resources: Ch. 29 & 30 of Principles of Economics, “Fed Official Expects Growth,”� and “Are Inflation Expectations Rising from the Ashes?”�   · �    Read the articles “Fed Official Expects Growth”� at http://pittsburghlive.com/x/tribune-review/business/s_385893.html,and “Are Inflation Expectations Rising from the Ashes?”� at http://research.stlouisfed.org/publications/mt/20051101/cover.pdf.   · �    Create a Microsoft© PowerPoint® presentation with 10 to 12 slides addressing the following questions:   o   Why was the Federal Reserve created? What are its essential functions? o   Who are the decision makers of the Federal Reserve? How do these people obtain these positions? o   How does the Federal Reserve control the monetary system? Specifically, what tools does the Fed have to use? o   How do banks increase the money supply? o   How is inflation measured? o   What are the causes of inflation? o   Are natural disasters causes of inflation or deflation? Where might the public see the evidence? o   What are the costs of inflation? o   Why is inflation so widely feared?   · �    Include detailed speaker’s notes. · �    Format your Presentation using APA guidelines. · �    Post your presentation as a Microsoft® PowerPoint® attachment.

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