1- What do you think the Federal Reserve Bank did to the reserve requirement during the Great Recession of 2008–2009? 2- A well-known economic model called the Phillips Curve (in The Keynesian Perspective) describes the short run tradeoff typically observed between inflation and unemployment. Based on the discussion of expansionary and contractionary monetary policy, explain why one of these variables usually falls when the other rises. (
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Assignment No. 3
Course: Macroeconomics (ECON-201)
Student name:
Academic Year:1439-1440 H
Student ID:
Semester: 2nd
Student grade: / 3
CRN:
Level of the marks:
Instructions:

This Assignment must be submitted on Blackboard (WORD format only) via
the allocated folder.

Email submission will not be accepted.

You are advised to make your work clear and well-presented; marks may be
reduced for poor presentation. This includes filling your information on the
cover page.

Assignment will be evaluated through BB Safe Assign tool.

Late submission will result in ZERO marks being awarded.

The work should be your own, copying from students or other resources will
result in ZERO marks.

Use Times New Roman font 12 for all your answers.
Questions
1. What do you think the Federal Reserve Bank did to the reserve requirement during
the Great Recession of 2008–2009? (1.5 Marks)
2. A well-known economic model called the Phillips Curve (in The Keynesian
Perspective) describes the short run tradeoff typically observed between inflation
and unemployment. Based on the discussion of expansionary and contractionary
monetary policy, explain why one of these variables usually falls when the other
rises. (1.5 Marks)
Answer: –

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