Imagine that the nation has just entered an unexpected recession. place the following items in the order in which we would expect them to occur according to a textbook approach to monetary policy.
(1) consumer interest rates decrease.
(2) economic growth recovers.
(3) the federal reserve lowers the target for the federal funds rate.
(4) the federal reserve raises the target for the federal funds rate.
(5) the number of businesses and individuals taking out loans increases.

“a monarchy is indeed the most powerful of any… but then there is imminent danger of his employing that strength to improvident or oppressive purposes.”—william blackstone, commentaries on the laws of england which of the following documents addressed blackstone’s concern in this quote? the magna carta, because it limited the power of the king. common sense, because it encouraged american colonists to declare independence. the mayflower compact, because it created a government and the first written laws for plymouth settlers. the english bill of rights, because it later influenced the u. s. bill of rights.