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Refer to the Given Figure

Question 130

Multiple Choice

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


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

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