Economic tools are methods and instruments used by governments, businesses, and economists to analyze and influence economic activity. These tools include monetary policy, which involves managing the money supply and interest rates, and fiscal policy, which refers to government spending and taxation decisions. They help in understanding economic trends and making informed decisions. Additionally, economic tools encompass various models and indicators, such as Gross Domestic Product (GDP), inflation rates, and unemployment rates. These indicators provide insights into the health of an economy, guiding policymakers in their efforts to promote growth and stability.