Economics Homework Help

I’m working on a economics question and need a sample draft to help me learn.

By law the Federal Reserve is required to monitor unemployment and inflation. Respond to the following components:

• How does the Federal Reserve accomplish these goals?
• What are the pros and cons of using contractionary and expansionary monetary policy tools under the following scenarios: recession or depression and robust economic growth?
• What tool is the most appropriate among the different monetary policy tools available today?