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The Federal Reserve Bank has begun raising interest rates in the U.S. and is expected to raise them more throughout the year. (1) Explain the

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The Federal Reserve Bank has begun raising interest rates in the U.S. and is expected to raise them more throughout the year. (1) Explain the effect that this will have on the Aggregate Demand (AD) and how that will impact inflation rates and GDP. (2) Explain if this will be more effective than fiscal policies in the short-run. (Your answer should be at least 6 substantive sentences.)

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