What is meant by the term stagflation?  What happens if stagflation occurs within the economy in terms of consumer spending and consumer confidence?

answers must be 250-300 words along with references

1. Describe what occurs to American imports and exports when the U.S. dollar is strong.  Describe what occurs to American imports and exports when the U.S. dollar is weak.  

2. What precautions can the Federal Reserve take to avoid inflation for the entire economy?  Explain 3 precautions and provide a specific example for each. 

3.  What is meant by the term stagflation?  What happens if stagflation occurs within the economy in terms of consumer spending and consumer confidence? 

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