please answer just part C

Respond to each of the three parts below. It is critical to develop a conclusion using the material and the theories in the book to answer this question. Opinions that are not supported with logical arguments based on the theories and models will not be sufficient. (The person with the loudest voice does not win the debate - the persons with the most logical and well supported ideas win debates.) Respond for both the short run and the long run. Provide a logical and intelligent argument supporting your points. Part a. What are open market operations? If the Fed sells bonds, does this increase or decrease the money supply? What is the process that happens when the Fed sells bonds to lead to a change in the money supply? How does it work through the banking system? Does fractional reserve banking affect the total change in the money supply? Why? Part b. The classical theory of money discusses the long run neutrality of money, but the text comments that there may be short-run effects on real variables in the economy. Identify the short run and long run effects of an increase in the money supply and explain why these effects occur. Part c. There are costs to inflation, but the text comments that deflation may be worse. If price levels are nominal variables and people and companies can adjust to changes in price levels, why might deflation be worse than moderate inflation? Respond to each of the three parts below. It is critical to develop a conclusion using the material and the theories in the book to answer this question. Opinions that are not supported with logical arguments based on the theories and models will not be sufficient. (The person with the loudest voice does not win the debate - the persons with the most logical and well supported ideas win debates.) Respond for both the short run and the long run. Provide a logical and intelligent argument supporting your points. Part a. What are open market operations? If the Fed sells bonds, does this increase or decrease the money supply? What is the process that happens when the Fed sells bonds to lead to a change in the money supply? How does it work through the banking system? Does fractional reserve banking affect the total change in the money supply? Why? Part b. The classical theory of money discusses the long run neutrality of money, but the text comments that there may be short-run effects on real variables in the economy. Identify the short run and long run effects of an increase in the money supply and explain why these effects occur. Part c. There are costs to inflation, but the text comments that deflation may be worse. If price levels are nominal variables and people and companies can adjust to changes in price levels, why might deflation be worse than moderate inflation