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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The macroeconomic context of interest rate determination attempts to explain the interactions of a change in monetary policy settings with changes in interest rates. The

The macroeconomic context of interest rate determination identifies three distinct effects of a change in monetary policy.

1 List the three effects

2 What do you understand by the term Open Market Operations? When would the Central Bank resort to these activities?

3 If the central bank eases its monetary policy settings, describe the expected interactions that should occur based on the three effects identified in part (1).