PLEASE DO NOT JUST COPY AND PASTE FROM WIKI OR ANY OTHER SITE, I WILL NOT GIVE POINTS IF IT IS; I C… Show more PLEASE DO NOT JUST COPY AND PASTE FROM WIKI OR ANY OTHER SITE, I WILL NOT GIVE POINTS IF IT IS; I COULD DO THAT IF I NEED TO BUT I WOULD LIKE A BETTER UNDERSTANDING OF THESE TOPICS SO PLEASE BE CLEAR AND CONTENT. THANK YOU! =) 1. Discuss the role of inflation expectations in setting the monetary policy by the Fed. 2. Can a decrease in household’s optimism about the overall economy bring the US economy in a recession? Explain using the concepts discussed in the AD&AS model. 3. Is the monetary policy more effective or less effective in an economy with a fixed exchange rate? • Show less