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d. Assuming that the FED's old policy was consistent with its target ination and growth rate, describe how the balance sheet of the Fed would

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d. Assuming that the FED's old policy was consistent with its target ination and growth rate, describe how the balance sheet of the Fed would change as it tries to implement this new target interest rate. e. Building on your answer to part (a), illustrate the effects of the policy described in (c) and (d) in the aggregate supply and demand framework. Describe and illustrate the effects of this policy on prices and output

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