Assume an economy of a country B is producing beyond its full employment level and inflation reached an undesirably high level. On the 30th of January 2017 the central bank of a country B conducted a massive increase in sales of the government bonds. Define this policy measure. Summarize the expected short-run consequences of this policy measure on GDP, inflation rate, unemployment rate, and interest rate of this country. Use appropriate diagrams to explain your statements.

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