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Economics

1. Please explain and discuss how the following tools of monetary (a) discount rate, (b) reserve ratio, (c) open market operations impact the economy.

2. Suppose that you are a member of the Board of Governors of the Federal Reserve System. The economy is experiencing a sharp decline into a recessionary phase of the business cycle. What monetary policy would you recommend? Please explain your answer.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9164909

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