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Now, let's go back in history to the United States' Great Recession in 2008-2009 and to the timeframe during the 1970s. In your initial post,

Now, let's go back in history to the United States' "Great Recession" in 2008-2009 and to the timeframe during the 1970s. In your initial post, identify the four monetary policy tools enacted by the Federal Reserve. Describe whether expansionary or contractionary monetary policy was enacted and why? Do you suppose contractionary monetary policy has failed to meet the objectives of stabilizing the economy to increase employment and stabilize price levels

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