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Answer around 300 words (a)   Explain the three monetary tools that the U.S. Federal Reserve System or...

Answer around 300 words

(a)   Explain the three monetary tools that the U.S. Federal Reserve System or any other central banks can adopt to fight for an economic recession.                           

(b)  Explain three situations when monetary policy is ineffective in fighting for an economic recession.                                                            

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