Please thoroughly and completely explain how the 3 tools of monetary policy would work to address the problem of inflation. Include the impact of those tools on the key economic variables.  Specifically, I want you to explain how each of the 3 tools would work using the chain of events approach.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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  1. Please thoroughly and completely explain how the 3 tools of monetary policy would work to address the problem of inflation. Include the impact of those tools on the key economic variables.  Specifically, I want you to explain how each of the 3 tools would work using the chain of events approach. 
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