Q1. In 2008, the average American earned about $47,000 while the average Nigerian earned about $1,400. Which of the subsequent statements is likely?
Q2. State the economic situation right now in one paragraph.
Explicate 2 important indicators the Federal Reserve System will use to analyze this particular economic situation. State Illustrate what monetary policy the Federal Reserve might use to influence the money delivery to help stabilize the economy. Explicate the specific monetary policy which you identified in #3 in terms of the implications which it will have on the economy also the variables outlined in #2.