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a) Draw a supply and demand curve for US government bonds. b) Show and explain what the effect expansionary monetary policy, using open marketoperations, will

a) Draw a supply and demand curve for US government bonds. b) Show and explain what the effect expansionary monetary policy, using open marketoperations, will have on equilibrium. c) Show and explain what the effect of contractionary monetary policy, using open marketoperations, will have on equilibrium. d) Explain what the Fed should do if the interest rate is below its target rate? Or above

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