Quantity theory of money according to the monetarists and, Microeconomics

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Quantity theory of money according to the monetarists and

Question: Quantity Theory of Money: According to the Monetarists and Rational Expectations, explain what happens, step by step, when the Federal Reserve sells US treasury bills to US banks. Describe the impact in words and: i) Show the impact in the AD/AS graph ii) Show the impact in the Phillips curve. (Include Short-run and Long-run)

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