The Fed conducts an open market sale of securities. Explain the effects of this action in the

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The Fed conducts an open market sale of securities. Explain the effects of this action in the short run on the nominal interest rate and in the long run on the value of money and the price level.

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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