Reason for Contra ctionar y Policy Explanation for Open Market Operations Explanation for Changing Interest Rates Explanation for Changing Reserve Requirements Rationale for One Tool Over the Others shows clear, detailed tmderstandin g of why such policy would be used. Student shows clear tmderstandin g of how this tool is used and why it restricts the money sm 1 . Student shows clear imderstandin g of how this tool is used and why it restricts the shows clear understandin g of how this tool is used and why it restricts the shows clear consideration of the benefits of this tool and drawbacks of others. Rubric . . No Points 3.... (10) \"a... (5) Procient shows clear but simplistic understandin g of why such policy would be used. Student shows clear understandin g of how this tool is used. Student shows clear understandin g of how this tool is used. Student shows clear understandin g of how this tool is used. Student shows clear consideration of the benefits of this tool (not drawbacks of Reason addresses why such a policy would be used but lacks clarity. Explanation is unclear or contains inaccuracies without being expansionary. Explanation is unclear or contains inaccuracies without being expansionary. Explanation is unclear or contains inaccuracies without being expansionary. Student has chosen a tool but rationale is somewhat unclear or inaccurate. Reason would be for expansionary policy, not contractionar y Explanation would be for expansionary policy, not contractionar Y Explanation would be for expansionary policy, not contractionar Y Explanation would be for expansionary policy, not contractionar Y Student has chosen a tool but rationale is entirely unclear or inaccurate. Total points earned on all five categories: i 100 Reason not given Explanation not given Explanation not given Explanation not given Rationale not given andfor tool not chosen