Solved: What type of monetary policy needs to be implemented, Macroeconomics

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What type of monetary policy needs to be implemented

(Problem 1) Suppose an economy is going through a Recession -what type of Monetary Policy needs to be implemented by the Federal Reserve? How do we define Monetary Policy?

(Problem 2) What is the History of the Federal Reserve system and what are the THREE tools the FED has at its disposal to manipulate or change the Money Supply and interest rates?

Please provide 300 to 350 word response for each and cite references

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Macroeconomics: What type of monetary policy needs to be implemented

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