PLEASE ANWER THE FOLLOWING

1. Describe the tools the Central bank u3es to control the money supply in the economy? Explain why the central bank's control over the money supply is not perfect? 2. i) What is productivity? Describe the factors of productivity. ii) Production function shows the relationship between output and input. Suppose an economy's production function is specied by Y = AL'JK, where Y is GDP, A represents the state of technology which is equal to 100, .K is the physical capital which is equal to 25 and L is the quantity of labor. a) m the levels of output {on the 3: axis! associated with 1. 2, 4 and 6 labor units [on the x axis! and label this production function PF. b) Show graphical}: on the same it and )1 axis what happens to this production function if there is a technological advancement in this economy