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QUESTION 13 Suppose next year that the Federal Reserve wishes to raise the target on the Federal Funds rate to 3/4 percent. To hit the

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QUESTION 13 Suppose next year that the Federal Reserve wishes to raise the target on the Federal Funds rate to 3/4 percent. To hit the target the Federal Reserve will conduct which of the following actions? Choose one. O Increase the interest on excess reserves (IOER) O Open market sales of securities O Decrease the interest on excess reserves (IOER) O Open market purchase of securities

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