Question:
Explain how each of the three tools of monetary policy may be used by the Fed to expand and to contract the money supply. Good internet sources:
[FRB on Monetary policy and monetary policy instruments:
"Monetary policy is made by the Federal Open Market Committee, which consists of the Board of Governors of the Federal Reserve System and the Reserve Bank presidents."
https://www.federalreserve.gov/policy.htm ]
By use of monetary policy how would your increase employment in the economy and GDP? List and define the problems and complications of monetary policy.