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Suppose the time period is before October 2008 and the current federal funds rate is above the federal funds target rate. In order to lower the federal funds rate the Fed will ___ securities on the open market which will ___ the supply of reserves in the market for reserves, pushing the rate closer to the target rate.
a. sell; increase
b. purchase; increase
c. purchase; decrease
d. sell; decrease

Sagot :

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