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Identify the likely effects of the following on the equilibrium determination of the federal funds rate. Be sure to explain your answers. (a) An increase
Identify the likely effects of the following on the equilibrium determination of the federal funds rate. Be sure to explain your answers.
(a) An increase in non-borrowed reserves.
(b) An increase in the minimum reserve requirement ratio.
(c) An increase in the interest rate paid by the Fed on banks reserves.
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