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1} 6 Points. Briey.r describe the differences between a defensive and a dynamic open market operation? In doing so, briey.r explain how the aims of

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1} 6 Points. Briey.r describe the differences between a defensive and a dynamic open market operation? In doing so, briey.r explain how the aims of such actions differ. Then indicate whether and in which direction the federal funds rate changes if there is a defensive open market sale of securities by the central bank

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