Monetary policy is an important part of Macroeconomics. This project’s objective

Monetary policy is an important part of Macroeconomics. This project’s objective is to address some questions related to the effectiveness of monetary policy in influencing macroeconomic outcomes, to find out how macroeconomics variables interact and analyze macroeconomic data. You need to read the article listed below “The role of Monetary Policy” by Milton Friedman and research two additional articles of your choice. Your paper should be 250 words in MLA format, work cited page with 3 references. Your short paper should have a paragraph for introduction, content and conclusion. The questions you should answer are:
1. Explain expansionary and contractionary monetary policy and comment on the effectiveness of monetary policy.
2. What is the natural rate of unemployment?
3. What are the tools of monetary policy?
Upload your paper in the DROPBOX by the specified due date.
References to be used:
“The Role of Monetary Policy” by Milton Friedman American Economic Review 58, March 1968, pp. 1-17 © American Economic Association
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and two additional sources.
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