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1)Discuss how monetary and fiscal policy could have been better leveraged to avoid the recession in the early 2000s.2)Discuss how supply and demand would be affected under each of the four degrees of competition (pure competition, monopolistic competition, oligopoly, and monopoly). Give specific examples to support your response.3)Compare and contrast the free market systems with planned economies. Determine the benefits and drawbacks of each.4)Analyze the different ways to evaluate economic performance and determine which provides the best assessment of the economy. Explain your rationale.
Discuss how monetary and fiscal policy could have been better leveraged to avoid therecession in the early 2000s.The monetary and fiscal policies are the strength