Multiple Choice
The FOMC is concerned about inflation and has ________ the federal funds rate.Due to substitution effects,other ________ interest rates will ________ almost immediately.
A) increased;short-term;increase
B) decreased;long-term;decrease
C) increased;long-term;increase
D) increased;short-term;decrease
E) decreased;short-term;decrease
Correct Answer:
Verified
Correct Answer:
Verified
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