1) In the aftermath of the September 11 attack, the Federal Reserve announced that it would fulfill its function as lender of last resort to restore confidence in the U.S. Financial system. Throughout the year, the Fed followed closely the  developments in stock markets, lowering interest rates during 2001. Do you  agree with the Federal's actions during these years? You should explain your  point in detail that I could understand using the intermediate macroeconomic
theory learnt from ECO 300

2) As of 2009, China's economy had recovered from the global recession that began in 2008. Use aggregate demand and aggregate supply analysis to explain why,and to explain the likely consequences for China of an increase in the growth rate of the global
economy.