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For the next 5 questions, assume that the economy starts in equilibrium: -the output is 1 million -the equilibrium price of a one-year, $100 bond

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For the next 5 questions, assume that the economy starts in equilibrium: -the output is 1 million -the equilibrium price of a one-year, $100 bond is $96 -the money supply is 1 trillion -the price level is 125 The Federal Reserve decides to sell bonds and there is a change in the equilibrium bond price. What bond price is most likely? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a not enough information b 97 96 d 95

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