Discuss Why the Fed Rarely Changes the Reserve Requirements

question 169

Essay

Discuss why the Fed rarely changes the reserve requirements.

Identify the causes and consequences of changes in income inequality over recent decades.

Understand how technological change affects income distribution and the demand for skilled labor.

Understand the concept of income inequality and factors contributing to its increase or decrease.

Identify and describe the various welfare programs in the United States, including their funding and purpose.

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Definitions:

Psychological Health

A state of well-being in which an individual realizes their abilities, can cope with normal stresses of life, work productively, and contribute to their community.

Competence

The ability or skill to effectively perform or complete a task to a specified standard.

Community Psychology

A branch of psychology that studies the relationships of individuals within their community and the wider society to improve welfare.

Psychological Health

A state of well-being in which an individual realizes his or her own abilities, can cope with the normal stresses of life, can work productively, and is able to make a contribution to his or her community.