Alan Greenspan, Chairman Of The Federal Reserve Board:
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Title: Alan Greenspan, Chairman Of The Federal Reserve Board:

Essay Details:

Subject: Miscellaneous
Author: Evelyn D
Date: May 9, 2015
Level: University
Grade: A
Length: 2 / 463

Essay text:

He is expected to push the level of prosperity to a higher stage. Alan Greenspan is known as a man of his profession to realize the power and impact of new technologies for the 21st century. The Fed's job of stabilizing output in the short run and promoting price stability in the long run is made more difficut by two main factors: the long and variable lags in policy, and the uncertain influences of factors other than monetary policy on the economy. This raised an important question, what problems are caused by other influences on the economy? Output, employment, and inflation are influenced not only by monetary policy, but also by such factors as our government's taxing and spending policies, and the introduction of new technologies etc...

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