2 questions monetary policy

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Q1:  Using the three monetary tools, explain how the FED should use these tools in response to a recessionary gap.  IN DETAIL.  Explain how the monetary policy would impact the money supply, interest rates, GDP, and unemployment. at least 1 full page to the answer

Q2:This interview below took place today December 5th.   See if you can figure out what they are saying.  The interview is discussing what monetary policy the fed should pursue.

  • 50 basis points means .5%
  • 100 basis points means 1% 

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