c.Policymakers use the antitrust laws to prevent oligopolies from engaging in behavior that reducescompetition. The application of these laws can be controversial, because some behavior that can appearto reduce competition may in fact have legitimate business purposesCOMPETENCY: Macroeconomic Principles (Mankiw Chapters 29 & 34)3 pts1-What tools does the Federal Reserve have with regards to monetary control?
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2-What are open market operations?
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3-When the Fed buys bonds, what impact does this have on the money supply and aggregate demand?
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