Now, let's go back in history to the United States "Great Recession" in 2008-2009 and to the timeframe during the 1970s. In your initial post, identify the four monetary policy tools enacted by the Federal Reserve. Describe whether expansionary or contractionary monetary policy was enacted and why. Do you suppose contractionary monetary policy has failed to meet the objectives of stabilizing the economy to increase employment and stabilize price levels?

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During the United States Great Recession in 20082009 and the 1970s the Federal Reserve utilized four ... View the full answer