Place a checkmark next to each argument that supports abolishing the Federal Reserve Bank. 1- The Fed increases inflation.
2- Changing the U. S. currency system could destabilize the economy. The Federal Reserve helps stimulate economic growth during depressions and recessions.
3- The Fed worsens economic depressions.
4- Poor management by the Fed has led to two major financial crises in the U. S. in the last 100 years.
5- The Federal Reserve is best equipped to supervise large firms and banks.
6- A more independent financial market is generally healthier and more stable.
7- The Fed does not have the knowledge necessary to make good decisions about interest rates.

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run.