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please answer briefly (essay form) 1 Determine which of the tools of monetary policy is the most important ? 2 explain how the federal reserve

please answer briefly (essay form)

1 Determine which of the tools of monetary policy is the most important ?

2 explain how the federal reserve uses open market operation to affect the federal funds rate

3 identify the potential impact that a federal government deficit has on the monetary system

4 define inflation, deflation and recession. explain how each is measured and why inflation is associated with higher interest rates.

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