Suppose the fed has a current federal funds rate target of, Business Economics

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Suppose the fed has a current federal funds rate target of

Suppose the Fed has a current federal funds rate target of 3% but wishes to achieve a new target of 2%. This requires an open market _____, which will ______ the supply of bank reserves in the banking system A. sale; decrease B. sale; increase C. purchase; decrease D. purchase; increase

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