Suppose the federal reserve raises its federal-funds-rate


Suppose the Federal Reserve raises its federal-funds-rate target from 0.38% to 1.00%. Explain, both verbally and with a graph of the market for bank reserves (federal funds), how the Fed would conduct open-market sales in order to raise the federal funds rate from 0.38% to 1.00%.

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Business Economics: Suppose the federal reserve raises its federal-funds-rate
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