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I need help really bad Part D: Short answer 1. If the Federal Reserve were to implement contractionary policy, what actions would it take? What

I need help really bad

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Part D: Short answer 1. If the Federal Reserve were to implement contractionary policy, what actions would it take? What would be the expected results of this policy? What conditions could lead the Fed to take such actions? Hint: Be sure to use all four monetary policy tools 2. Suppose the economy is experiencing a high rate of unemployment. As chair of the Federal Reserve, what actions would you take to get the economy back on track? Hint: Be sure to use all four monetary policy tools 3. What is the difference between expansionary and contractionary policy? Hint: Be sure to use the language of the standard

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