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Monetary Policy: The Best Case Scenario
| Content Provider | WatchKnowLearn |
|---|---|
| Description | Imagine that you’re the Fed and monetary policy is your domain. The economy has been doing fine: inflation isn’t too high, GDP is growing at a reasonable rate. But then something happens. Consumer confidence drops. The economy shrinks. What do you do? This is a simple scenario, but choosing when and how to respond is still a complicated dance. Data quality, timing, and limited control all present big challenges when implementing monetary policy changes. Let’s say you make a decision to act and grow the money supply. What if you made the wrong choice? Depending on whether you under- or overshoot, the consequences could be fairly minor; or they could be huge. They could even lead to a severe recession. In the video, we’ll discuss the details of this scenario and how the Fed might respond. We’ll take a look at how the responses affect the long- and short-run aggregate supply curves. You’ll walk away with a better understanding of when and how the Fed intervenes on a broad level when the economy is in trouble. |
| Language | English |
| Access Restriction | Open |
| Rights License | Educational Community License |
| Subject Keyword | k-12 homeschool Banks homeschooling home school parents educational videos k12 preK-12 Social Sciences Economics and Business Economics Social Studies Economics Concepts Macroeconomics |
| Content Type | Video |
| Educational Role | Student Teacher |
| Educational Use | Self Learning Lecture |
| Education Level | Class XI Class IX Class XII Class X |
| Pedagogy | Lecture cum Demonstration |
| Resource Type | Video Lecture |
| Subject | Money and Banking |
