• . If the United States economy is in a recession or slowing down and the Federal Reserve implements a quantitative easing monetary policy. What three monetary tools would the Federal Reserve use and would they increase or decrease the monetary tools? (List the three tools and the increase or decrease of each tool). (Hint IR, MS, RR)

. If the United States economy is dealing with high inflation and the Federal Reserve implements a quantitative tightening monetary policy. What three monetary tools would the Federal Reserve use and would they increase or decrease the monetary tools? (List the three tools and the increase or decrease of each tool). (Hint IR, MS, RR)