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A central bank buys government securities. This a. is called an open market operation b. increases (other things equal) the monetary base c. increases (other

A central bank buys government securities. This

a.

is called "an open market operation"

b.

increases (other things equal) the monetary base

c.

increases (other things equal) the non-borrowed monetary base

d.

is true for all of the above statements

e.

is true only for statements (a) and (b) above

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