Q. The licensing restrictions allow every company to sell as much as it needs at a price ceiling of $2,200. You have the subsequent o/p also MC data for every corporation:
O/p MC ($)

Q"(a) Is the Federal Reserve more effective at fighting an inflation than a recession? Yes/ No? Explain your answer thoroughly.

(b) Illustrate what Monetary Approach Tools should the Federal Reserve utilize to fight inflation? Describe them thoroughly.