1/ In order to stimulate the economy, the Federal Reserve has some expansionary monetary policy tools they can use. Name them. Pick one and explain how it can be used. Provide an example. Explain it in a way that people would understand.

2/ In order to stimulate, the economy, Congress has expansionary fiscal policy tools they can use. Name them. Pick one and explain how it can be used, Provide an example. Explain it in a way that people would understand.

3/ There are a few trade barriers governments can use to reduce or prevent international competition. Name two of them. Describe one in detail how it would work. Are there winners and losers? Provide an example. Explain it in a way that people would understand.

4/ What are the benefits of international trade? why would economists advocate more international trade and not less? Provide an example. Explain it in a way that people would understand.