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Discuss the difference between expansionary fiscal policy and contractionary policy.

Describe the two fiscal policy tools used by the federal government.

Explain how higher interest rates and inflation would affect the sale of smartphones in the United States.

Identify whether an increase in the M1 or M2 money supply would lead to an increase in the sale of smartphones.

Explain the difference between the M1 and M2 money supply.

Explain how expansionary monetary policy would lead to an increase in the sale of smartphones.

Discuss the difference between expansionary monetary policy and contractionary monetary policy.

Identify the four monetary policy tools used by the United States and explain which monetary policy tool would influence the sale of smartphones in the U.S.

Define the goals and objectives of the Federal Reserve.

In this assignment, you are expected to read and carefully analyze the passage below. remember, this is an esoteric reading, so search for the “hidden meanings” of this passage, and ONLY this passage! Another way to put it: your mission, should you choose to accept it, is to get at the “point” that the author is really trying to make, and elucidate whatever the process of his argument is for that point, in this passage. Once you’ve accomplished that main goal of explication, you can begin to do fun things like point out nuanced shadings of meaning within the words that the author chooses, biases inherent in his argument, flaws in his logic (though this is Kant, so there are no logical flaws!), etc.

“A rational being must always regard himself as legislator in a kingdom of ends rendered possible by freedom of the will, whether as member or sovereign. The position of the latter can be maintained not merely through the maxims of his will but only if he is a completely independent being without needs and with unlimited power adequate to his will…hence morality consists in the relation of all action to that legislation whereby alone a kingdom of ends is possible. This legislation must be found in every rational being and must be able to arise from his will, whose principle then is never to act on any maxim except such as can also be a universal law and hence such as the will can thereby regard itself as at the same time the legislator of universal law.”