10. What is meant by the GDP Gap and how does it relate to the Natural Rate of Unemployment?

8. What were the 2 principal successful policies adopted by Franklin Roosevelt that brought an end t

7. What were the policy mistakes of the Federal Reserve in response to the Great Depression of the 1

6. What are the 4 basic shortcomings of the gold standard that Ben Bernanke highlights?

4. Why was the Federal Reserve System created?

5. What exactly is the gold standard”?

3. What is Bagehot’s Dictum”?

2) Suppose that the U.S. noninstitutional adult population is 230 million and the labor force p… Show more Ch 7 2) Suppose that the U.S. noninstitutional adult population is 230 million and the labor force participation rate is 67 percent. a. What would be the

1. Distinguish between the 3 central economic roles played by the central bank, and how it achieves

2. What can precipitate a bank run on a bank with a healthy asset portfolio?