PLEASE HELP I WILL LOVE YOU FOREVER write a calm, rational response to the president’s angry letter. In this letter, you
must include each of the following
 Explain why the Fed would believe that a contractionary monetary policy is necessary.
 Explain to the president how each of the three tools of the Federal Reserve could be
used in a contractionary way to decrease the money supply. ( the three
monetary policy tools of the Fed are: open market operations, changing interest
rates, and changing reserve requirements.)
 Let the president know which one of the three tools of the Fed you intend to use first to slow down the economy and why you have chosen that tool instead of the other two
options that are available.