Discuss the Effects of Monetary Policy in the Economy

Discuss what monetary policy is. Discuss different instruments of monetary policy. Discuss the impact of expansionary and contractionary monetary policy, specifically the change in interest rate and credit availability, and the process by which these changes impact business’s decision-making process. Minimum 300 words, citied in APA Format.Reading Material is the link provided below.

http://www.federalreserve.gov/pf/pdf/pf_3.pdf

Answer preview:

Word: 550