Monetary policy a. Distinguish between monetary policy instruments and monetary policy tools. b. Describe any two key tools of monetary policy, and describe how they would be used to implement expansionary monetary policy. Also read: In an open economy, changes in monetary policy affect both interest ra Strayer New ECO100 Week 8 Assignment 2 – The Fiscal and Monetary Policy & Chapter 17 Monetary Policy and Inflation Strayer ECO100 WK 8 Assignment 2 – The Fiscal and Monetary Policy and E MONEY, BANKING AND MONETARY POLICY Monetary and fiscal policy and the four degrees of competition. Monetary and fiscal policy and the four degrees of competition. Monetary Policy: Money, Credit, the Federal Reserve, and Interest Rates