Discuss how changes in the Federal Reserve’s monetary policy affect at least 1 of the 4 components of GDP (consumption, investment, government spending, net exports). Have the Federal Reserve’s countercyclical monetary policies been effective in moderating business cycle swings? Justify your response.

Discuss how changes in the Federal Reserve’s monetary policy affect at least 1 of the 4 components of GDP (consumption, investment, government spending, net exports).
Have the Federal Reserve’s countercyclical monetary policies been effective in moderating business cycle swings? Justify your response.