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Business, 16.07.2019 07:00 nook4boo

Suppose that the demand for federal funds curve is such that the quantity of funds demanded changes by $120 billion for each 1 percent change in the federal funds interest rate. also, assume that the current federal funds rate is at the 3 percent rate that is targeted by the fed. now suppose that the fed retargets the rate to 3.5 percent.

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Suppose that the demand for federal funds curve is such that the quantity of funds demanded changes...

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