Recessionary gap by using open-market operations

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Suppose the Fed wishes to close a recessionary gap by using open-market operations. What should the Fed do and how would this action close the gap? Post a precise and brief answer.

A street light is an example of public good. Discuss why is that and why there is need for government(and not the private firms) to provide it. Be brief and precise.

Reference no: EM131386073

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