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Conceptual Understanding
SS.12E.4.c:
The Federal Reserve is the government institution responsible for managing the nation’s monetary policy including regulating the amount of money in circulation and interest rates.
Standards Finder
NYS Social Studies Framework
Grade 12: Economics, the Enterprise System, and Finance
THE TOOLS OF ECONOMIC POLICY IN A GLOBAL ECONOMY: Globalization and increased economic interdependence affect the United States economy significantly. The tools that the policy makers have available to address these issues are fiscal policy, monetary policy, and trade policy.
The Federal Reserve is the government institution responsible for managing the nation’s monetary policy including regulating the amount of money in circulation and interest rates.
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