Submitted by dhough1976 on February 25, 2008

• Category: Business
• Words: 1477
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Macroeconomic Impact On Business Operations

Macroeconomic Impact on Business Operations
The Monetary Policy Simulation places an individual in the role of being a newly appointed Chairman of the Federal Reserve System (FED), which is the central bank of the United States. The Chairman and other members of the FED are the primary decision makers for monetary policy, a key determinant of economic performance in the U.S. Having run the simulator in this paper I will review the tools that can be used by the Chairman of the Federal Reserve to affect economic performance and detail how the use of these tools affects macroeconomic factors such as Gross Domestic Product (GDP), inflation and unemployment. I will also cover how...

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