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Identify and briefly explain the three major tools that the Federal Reserve can use to implement monetary policy. Which of these tools is the most

Identify and briefly explain the threemajor tools that the Federal Reserve can use to implement monetary policy.
Which of these tools is the most effective and why?
How would the mechanism(s) described in part b. above be used to stimulate (expand or grow) or to contract (slow down) the economy?

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