{"id":490,"date":"2015-05-05T04:22:54","date_gmt":"2015-05-05T04:22:54","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterymacro1xngcxmaster\/?post_type=chapter&#038;p=490"},"modified":"2019-01-16T16:21:23","modified_gmt":"2019-01-16T16:21:23","slug":"learning-outcome-monetary-policy-and-gdp","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/chapter\/learning-outcome-monetary-policy-and-gdp\/","title":{"raw":"Introduction to Monetary Policy and Economic Outcomes","rendered":"Introduction to Monetary Policy and Economic Outcomes"},"content":{"raw":"<h2>What you'll learn to do:\u00a0explain how monetary policy affects GDP and the interest rates<\/h2>\r\n<a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2015\/05\/30180815\/stock-exchange-913982_1920.jpg\"><img class=\"aligncenter wp-image-10550 \" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2015\/05\/30180815\/stock-exchange-913982_1920-300x94.jpg\" alt=\"The image has a silhouette of a bear and bull facing off against each other. The image has a background of stock exchange numbers. \" width=\"498\" height=\"156\" \/><\/a>\r\n\r\nExpansionary and contractionary monetary policies affect the broader economy, by influencing\u00a0interest rates, aggregate demand, real GDP and the price level.\u00a0In this section, we will take a look at the mechanisms by which monetary policy plays out.\u00a0We will also review some of the Federal Reserve's policies over the last four decades and the impact its\u00a0decisions had on the economy.","rendered":"<h2>What you&#8217;ll learn to do:\u00a0explain how monetary policy affects GDP and the interest rates<\/h2>\n<p><a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2015\/05\/30180815\/stock-exchange-913982_1920.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-10550\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2015\/05\/30180815\/stock-exchange-913982_1920-300x94.jpg\" alt=\"The image has a silhouette of a bear and bull facing off against each other. The image has a background of stock exchange numbers.\" width=\"498\" height=\"156\" \/><\/a><\/p>\n<p>Expansionary and contractionary monetary policies affect the broader economy, by influencing\u00a0interest rates, aggregate demand, real GDP and the price level.\u00a0In this section, we will take a look at the mechanisms by which monetary policy plays out.\u00a0We will also review some of the Federal Reserve&#8217;s policies over the last four decades and the impact its\u00a0decisions had on the economy.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-490\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li><strong>Authored by<\/strong>: Steven Greenlaw and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>Bear and bull economy. <strong>Authored by<\/strong>: Geralt. <strong>Provided by<\/strong>: Pixabay. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/pixabay.com\/en\/stock-exchange-world-economy-bull-913982\/\">https:\/\/pixabay.com\/en\/stock-exchange-world-economy-bull-913982\/<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/about\/pdm\">Public Domain: No Known Copyright<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":74,"menu_order":12,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"\",\"author\":\"Steven Greenlaw and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"Bear and bull economy\",\"author\":\"Geralt\",\"organization\":\"Pixabay\",\"url\":\"https:\/\/pixabay.com\/en\/stock-exchange-world-economy-bull-913982\/\",\"project\":\"\",\"license\":\"pd\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"387ba752-8b19-46da-8d8d-7cb4affa0fc2","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-490","chapter","type-chapter","status-publish","hentry"],"part":5270,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/wp\/v2\/users\/74"}],"version-history":[{"count":32,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/490\/revisions"}],"predecessor-version":[{"id":10759,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/490\/revisions\/10759"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/parts\/5270"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/490\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/wp\/v2\/media?parent=490"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=490"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/wp\/v2\/contributor?post=490"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/wp\/v2\/license?post=490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}