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What Is the Principle Monetary Policy Tool Used by the Fed.Why

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What is the principle monetary policy tool used by the Fed.Why?


Definitions:

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting beliefs, values, or attitudes.

Informational Social Influence

The influence to conform with a group's behavior based on the belief that the group is competent and has the correct information.

Normative Social Influence

A type of social influence that leads individuals to conform in order to be liked and accepted by the group.

Social Facilitation

The tendency for people to perform better on simple tasks or skills in the presence of others.

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