Economic Triumvirate

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ECON220-1005B-16 Microeconomics Assignment Name: Unit 5 Discussion Board Deliverable Length: 4–6 paragraphs

Details: In a 2009 Newsweek article, The 50 Most Powerful People List, there are 3 bankers who are listed as the 4th, 5th, and 6th most powerful people in the world. Read the following article on the "Economic Triumvirate":

Downloadable pdf version: The Global Elite: Economic Triumvirate, or go to http://www.newsweek.com/id/176288

* Explain why these three men (the 3 bankers who are listed as the 4th, 5th, and 6th most powerful people in the world) might be considered more powerful than most countries' leaders.

* Explain how or why, during the recession of 2008–09, banks of the world seemed to unite on cue to lower interest rates worldwide.

* Provide a short, 2-paragraph policy on how you would improve U.S. monetary policy. Use APA style to cite any references that may support your policy or a current policy that you are refuting.

* Comment on another student's posting. In your own words, please post a response to the Discussion Board and comment on other postings.

You will be graded on the quality of your postings. For assistance with your assignment, please use your text, Web resources, and all course materials. Please refer to the following multimedia course material(s): * Unit 5: Fiscal Policy * Unit 5: Regulating Global Economic Environment * Unit 5: Investing, Debt, and the Federal Reserve * Unit 5: Banking & the Federal Reserve System * Unit 5: Fiscal Policy, Bonds, and Central Banks * Unit 5: Fiscal Policy and Economic Effect