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What is monetary policy? What are the main tools of monetary policy? would you be able to also discuss the impact of expansionary AND contractionary

What is monetary policy?

What are the main tools of monetary policy?

would you be able to also discuss the impact of expansionary AND contractionary monetary policy,specifically the change in the interest rate and credit availability, and the process by which these changes impact the economy and business decision-making. Thank you in advance.

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