Hello, I do need to make this clear before I take the next chapter, please help me as soon as possible.

Because I don't have much time before I go to work,, I only have about 1.5 hour so don't leave and help me

I'd appreciate it if you write down a short explanation or a formula used.

I can't read hand-written letters, hope you can type it.

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Themacroeconomiccontextofinterestratedeterminationattemptstoexplainthe

interactionsofachangeinmonetarypolicysettingswithchangesininterestrates.The

macroeconomiccontextofinterestratedeterminationidentifiesthreedistincteffects

ofachangeinmonetarypolicy.

1 Listthethreeeffects

2 WhatdoyouunderstandbythetermOpenMarketOperations?Whenwould

theCentralBankresorttotheseactivities?

3 Ifthecentralbankeasesitsmonetarypolicysettings,describetheexpected

interactionsthatshouldoccurbasedonthethreeeffectsidentifiedinpart(1).