Explain why stabilization policies are usually pursued using monetary rather than fiscal policy.

1.    Create an analogy or metaphor that explains how banks create and destroy money – one that would be understood by someone with absolutely no background in economics. (eco#8) 2.    If “inflation is always and everywhere a monetary phenomenon,” why did the huge expansions of central bank money supply by the Federal Reserve, the ECB, and the Bank of Japan between 2007 and 2015 not result in high inflation in those economies? (eco#9) 3.       Explain why stabilization policies are usually pursued using monetary rather than fiscal policy. (eco#10) 4.    Search online for your local news website and locate local a story where you believe an ethical dilemma is going on. Please keep this story local and not national news. Explain, in a few sentences the story, the ethical dilemma you believe is going on in the story, and how you think it can be resolved.