Explain when the FED would use a contractionary monetary policy and an | collegepaperslab.com

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Explain when the FED would use a contractionary monetary policy and an expansionary monetary policy, and what the overall result would/could be. please help! I need this for a extra credit question. I have no idea how to explain this question so if someone could give me a longer response on this question to try and help me understand that would be amazing.

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