I need to know about specific monetary policies in place in the beginning of the 1980s....

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Economics

I need to know about specific monetary policies in place in thebeginning of the 1980s. The instructor told us to remember that theFederal Reserve controls our monetary policy and they have a fourmain goals: 1. Price Stability 2. High Employment 3. EconomicGrowth 4. Financial Market Stability. So I need to know specificmonetary policies used in that time period and what the goals wereof those policies. (I need at least two policies). I already knowthat the main tools the Fed uses are the decreasing or increasingof the money supply (through open market operations, changing therequired-reserve ratio, and changing the discount rate) and changesto interest rates. This is for a macroeconomics class if thathelps.

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Monetary policy consists of management of money supply and interest rates aimed at achieving macroeconomic objectives such as controlling inflation consumption growth and liquidity These are achieved by actions such as modifying the interest rate buying or selling government bonds regulating foreign exchange rates and changing the amount of money banks are required to maintain as reserves The Fed can achieve its monetary policy goals in one of two ways Targeting the quantity of money commonly measured by the monetary aggregates M1 M2 and M3 Targeting the price of money commonly known as the federal funds rate Monetary Policy can be classified as Expansionary and Contractionary Monetary See Answer

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