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Suppose the Federal Reserve System has just announced that it will greatly expand the money supply to boost the economy. Discuss what effect this will

Suppose the Federal Reserve System has just announced that it will greatly expand the money supply to boost the economy. Discuss what effect this will have: (a) On the level and slope of the yield curve immediately after the announcement (b) On the level and slope of the yield curve that would exist two or three years in the future?

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