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3. Suppose that The Fed decides to buy $10,000 of government securities from Goldman Sachs. Using simple accounting T-accounts (similar to those we did in

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3. Suppose that The Fed decides to buy $10,000 of government securities from Goldman Sachs. Using simple accounting T-accounts (similar to those we did in class), summarize the transaction. Did the money supply increase or decrease? Explain. Can you determine the magnitude of the change in the money supply? Why or why not

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