Macroeconomics2

The Importance of Competition
write a 2-page paper describing the importance of competition in markets. How does a lack of
competition affect prices and output? Describe what the role of government is in markets vis-avis firms in the market.
The Importance of Competition
write a 2-page paper describing the economic viewpoints and theories of John Maynard
Keynes. What were his views of the causes recessions and solutions to fixing them? In his
view, what place did government have to improve markets? What does the concept of
“crowding out” mean in all of this?
Federal Reserve & Open Market Operations
If the Fed shifts to a more restrictive monetary policy, and it utilizes the open market operations
tool, describe in 1 page what will happen to each of the following:
1. the reserves available to banks
2. real interest rates
3. household spending on consumer durables
4. the exchange rate value of the dollar
5. net exports
6. the prices of stocks
7. real GDP

Purchase answer to see full
attachment