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anon Anow (swod c) Suppose the money market for the country of Pawnee can be represented by the following demand and supply equations, where the

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anon Anow (swod c) Suppose the money market for the country of Pawnee can be represented by the following demand and supply equations, where the quantity of money is measured in millions of dollars: Demand Supply QD=70-2r Qs=30e. Assume that in order to close the output gap, the Central Bank of Pawnee has decided they need to set a target interest rate of 5%. If the reserve ratio in Pawnee is 10%, there is no currency drain, and banks do not hold excess reserves, what should the amount of the open market operation be? (1 points)

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