List the Fed's Main Policy Tools and Briefly Explain Each

question 15

Essay

List the Fed's main policy tools and briefly explain each one.

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Definitions:

Swerve

To change direction suddenly, often to avoid a collision or an obstacle.

Mixed Strategies

In game theory, a strategy that allows for the randomization of choices among different options to achieve a certain outcome.

Pure Strategies

In game theory, a pure strategy is an action chosen by a player where they select a specific move to follow in every possible situation within a game.

Dominant Strategy

A strategy in game theory that yields the best outcome for a player, regardless of what the other players do.