Economics Homework Help

I’m working on a economics multi-part question and need an explanation and answer to help me learn.

Monetary Policy in the United States is conducted by the central bank known as the Federal Reserve (also known as the Fed), and it employs three basic tools that impact both the producers and consumers in the economy: Reserve Requirements Tool, the Discounting Tool, and the Open Market Operations Tool.

1. Describe the basic procedure of the Open Market Operations tool when it is used to engage in U.S. expansionary monetary policy.
2. Then, describe the basic procedure of the Open Market Operations tool when it is used to engage in contractionary monetary policy.
3. As a business manager monitoring the actions of the Federal Reserve, you observe that the Fed has been implementing contractionary monetary policy in the use of all of its basic tools, and this policy is likely to continue for the next year or so.  Based on this information alone, explain if this would be either a good or a bad time for your firm to engage in additional borrowing to help expand your business operations.
4. International monetary policy: Choose a non-U.S. country and research how that country has recently engaged in expansionary monetary policy. What country did you research? What mechanisms did the nation use? In what year? What was the goal of this policy? What was the impact of this policy?
5. International monetary policy: Choose a non-U.S. country and research how that country has recently engaged in contractionary monetary policy. What country did you research? What mechanisms did the nation use? In what year? What was the goal of this policy? What was the impact of this policy?