Q. Is the Federal Reserve more effective at fighting a recession than an inflation? Yes/ No? Explain your answer thoroughly.
1(b) Illustrate what Monetary strategy Tools should the Federal Reserve use to fight a recession? Describe them thoroughly
Q. Because they can control product price, monopolists are always assured of a profit from production by simply charging the highest price consumers will pay." Critically evaluate
"The pure monopolist seeks that output which will yield greatest per unit profit" Critically evaluate.