The three tools or they might make you think a little harder and ask you what would the Fed do with this case or if the Fed did this I would that affect their might even tired to bond yields the Fed is increasing the discount raterates up bond prices should be 642-874 dropping and don’t memorize everything beta or don't expect it to show up for beta I don't think it's a raise the discount rate increases again increased the reserve requirement or make it more stringent are many ways it's a thing course buying and selling we will start with those two so monetary policy is said they have three tools fiscal policy is different .

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