14 Suppose that the Feds Open-Market Desk thinks that the demand for reserves when the federal funds

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14 Suppose that the Fed’s Open-Market Desk thinks that the demand for reserves when the federal funds rate exceeds the interest rate on reserves is given by D 5 50 2 (4 3 i)

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MandB 3

ISBN: 978-1285167978

3rd Edition

Authors: Dean Croushore

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