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Discussion Question 1 What is the difference between contractionary and expansionary monetary policy

Two DQ’s need to be answered in 9hours with 200 word count on each question ZERO PLAGARISM
1. Week 3 Discussion Question 1 What is the difference between contractionary and expansionary monetary policy? What is the intention of each policy under a recession or robust economy or during a period of inflation? Which type of monetary policy is more appropriate today and why?
2. Week 3 Discussion Question 2 What are the uses of money? How do commercial banks and Federal Reserve banks create money? Is monetary policy conducted independently in the United States? Explain your answer. Is it important for monetary policy to remain independent from all parties? Why or why not?