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Describe the problem and impact that inflation has on the economy as a whole and the various economic entities ( individuals,firms ,financial institutions,etc). Identity and

Describe the problem and impact that inflation has on the economy as a whole and the various economic entities ( individuals,firms ,financial institutions,etc). Identity and summarize three specific monetary policy tools that the FEDS can use to combat inflation. Explain how each tool may reduce recession and how it impacts employment and growth

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