Prepare another essay title Recession, answer the following questions on Word document, with a minimum of 275 words, following APA guidelines.

• Describe the problems and impact that recession has on the economy as a whole and the various economic entities (individuals, firms, financial institutions, etc.).
• Identify and summarize three specific monetary policy tools that the Fed can use to combat a recession.
  • Explain how each tool may reduce recession and how it impacts employment and growth.