Question1. What major economic indicators would you examine if you were planning to make a large purchase and needed a loan? For example, think about buying a new car, some business equipment, or a house?

Question2. Explain how the Federal Reserve policy makers effect interest rates. Describe the difference between expansionary and contractionary rules.

Question3. Do you think prospects for changes in Federal Reserve policy would affect your decision to make a purchase that requires financing? Describe.