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Describe the difference between a strong mayor and a weak mayor. In doing so, compare the different challenges they face and how they might overcome these challenges. Provide some specific examples to illustrate your points.
Monetary Policy
A government or central bank policy aimed at controlling the money supply and interest rates to influence economic activity.
Short Run
A period in economics during which at least one input is fixed, limiting the capability of the economy or business to adjust to changes in demand or conditions immediately.
Long Run
The long run is a period in economics in which all factors of production and costs are variable, allowing full industry adjustment to changes.
Federal Funds Rate
The interest rate at which banks make overnight loans to one another
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