Answer each of the 3 essay questions below with a response that is at least 300 words in length. The total submission for this week should be 900 words in length. 1. What is monetary policy and who is responsible for its implementation? 2. What is the

Answer each of the 3 essay questions below with a response that is at least 300 words in length. The total submission for this week should be 900 words in length. 
1. What is monetary policy and who is responsible for its implementation?
2. What is the central bank and what does it do?
3. What are adverse selection and moral hazard?