Explain what happens when the Fed conducts an open-market purchase of $200 billion in bonds. How do

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Explain what happens when the Fed conducts an open-market purchase of $200 billion in bonds. How do the banks get involved? What is the ultimate effect on the level of high-powered money and on the money supply?

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:21 AM

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Explain what happens when the Fed conducts an open-market purchase of $200 billion in bonds. How do

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Macroeconomics

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