Question

Suppose a new, highly liberal Congress and presidential administration were elected. The first order of business for these bodies was to take away the independence of the Federal Reserve System and force the Fed to greatly expand the money supply. What effect would this change have on the level and slope of the yield curve in the following circumstances?
a. Immediately after the announcement
b. Two or three years in the future



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  • CreatedNovember 24, 2014
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