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Suppose that by the end of this year, we are in a boom phase and the Federal Reserve wishes to decrease the money supply by

Suppose that by the end of this year, we are in a boom phase and the Federal Reserve wishes to decrease the money supply by $400 billion in order to limit price inflation (assume that there is the same reserve requirement and no excess reserves as part a).If the Fed wanted to use open market operations, would the Fed buy or sell bonds and how many bonds should the Fed buy or sell?

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