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The Federal Reserve's tools to control the money supply include: open-market operations, the discount rate, and interest payments on reserves. a. How should each instrument

The Federal Reserve's tools to control the money supply include: open-market operations, the discount rate, and interest payments on reserves.

a. How should each instrument be changed if the Fed wishes to decrease the money supply?

b. For each of the changes suggested in a., explain whether it will affect the monetary base and/or the money multiplier?

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