I need a short answers for each question

1. When was the FED established?

2. What led to the 1907 financial crisis?

3. What are some traditional monetary policy instruments?

4. What is the current monetary policy instrument?

5. How will the FED shrink the 4 trillion dollar balance sheet?

6. Who is the FEDs chairman?

7. What does FOMC stand for?

8. Who serves on the FOMC?

9. Why is the FED called a Quasi-public institutions?

10. How does Monetary Policy relate to the IS-LM model?

11. How should we choose between Monetary and Fiscal Policy?

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