Question: please answer using the words below If someone argued that the monetary policy played an extremely important role in the recovery of the U.S. economy

please answer using the words below

If someone argued that the monetary policy played an extremely important role in the recovery of the U.S. economy from the 2008-2009 Great Recession, how would you react to it? In constructing your memo, make sure to use the following terms and phrases in a meaningful way: - Business cycle - The Federal Reserve Board - The Federal Open Market Committee - Money supply (M1, M2 and M3) - Discount rate - Federal fund rate Open market operations - Monetary economics

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