Q Referring to past economic downturns, such as the Great Recession of 2008-2009, plan to address the following issues that are important for junior staff members with limited training in macroeconomic issues or policy to understand: • Background and context of the recession beginning in 2020, addressing anticipated effects on: o Components of Aggregate Demand o Multiplier Effects of Changes in Expenditure • Describe appropriate policy responses, including: o Four Tools of Monetary Policy o The Dual Mandate of the Federal Reserve