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Title: Monetary/fiscal Policy

Essay Details

Subject: Business
Date: November 9, 2014
Level: University
Grade: A
Length: 5 / 1482
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

The first person who influences these policies is President Bill Clinton who proposes tax cuts, to balance the budget (Clinton's budget proposal should be given to congress soon), minimum wage increases, or other legislation to improve the economy. The second person who influences policy is the Federal Reserve Board Chairman Alan Greenspan who can truly destroy our economy by a slight miscalculation...

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Greenspan is so influential that the mere speculation of his making a move can cause panic buying or selling in the open markets. Alan Greenspan has the power to increase or decrease the money supply by changing reserve requirements, by changing the discount rate, or by buying or selling U.S. Securities over the open market...

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