\ue000Explain what determines the demand for money
\ue000Explain how the Fed influences interest rates
\ue000Explain how the Fed\u2019s actions influence spending plans,
During 2001, as the economy slowed, the Fed cut interest rates 11 times from over 6 percent to below 2 percent. In 2000, more concerned about inflation than recession, the Fed raised interest rates.
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