Show the impact of an open market sale on the interest rate
In the text we describe the effect of an open market purchase by the Fed.
a. Define an open market sale by the Fed.
b. Show the impact of an open market sale on the interest rate and output. Show both the immediate- and the longer-term impacts.
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in the text we describe the effect of an open market purchase by the feda define an open market sale by the fedb show
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