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Refer to the Figure Below

Question 113

Multiple Choice

Refer to the figure below.If the Federal Reserve wants to set the nominal interest rate at 1%, it must conduct open market ______ to set the money supply at _____. Refer to the figure below.If the Federal Reserve wants to set the nominal interest rate at 1%, it must conduct open market ______ to set the money supply at _____. A) purchases; 300 B) sales; 100 C) purchases; 900 D) sales; 900


A) purchases; 300
B) sales; 100
C) purchases; 900
D) sales; 900

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