The central bank of Trinidand & Tobago decides to pursue an expansionary monetary policy. (i) Identify one possible action they could take. (ii) Carefully explain, in as much detail as possible, how...

The central bank of Trinidand & Tobago decides to pursue an
expansionary monetary policy.

(i) Identify one possible action they could take.

(ii) Carefully explain, in as much detail as possible, how the chosen action will impact the money market.

(iii) Illustrate the overall impact of the chosen action on the money market.