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A) Describe an open market purchase (OMP) and explain how an OMP increases the money supply. B) What is the opposite of an OMP? C)

A) Describe an open market purchase (OMP) and explain how an OMP increases the money supply. B) What is the opposite of an OMP? C) What is the typical effect of an OMP on the FFR? D) Is an OMP Expansionary or Contractionary Monetary policy? E) What effect does Expansionary Monetary policy have on AD? Why

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