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Explain what happens in the bond market when the Fed conducts an open market purchase. A complete answer should explain what happens to bond prices, the quantity of bonds traded and the interest rate. Illustrate your answer with a demand-supply graph of the bond market.
Melatonin
A hormone produced by the pineal gland that regulates sleep-wake cycles.
Cortisol
A steroid hormone released by the adrenal glands in response to stress or low blood-glucose concentration; plays a significant role in the body's response to stress.
Erythropoietin
A hormone produced by the kidneys that stimulates the production of red blood cells in the bone marrow.
Kidney
A pair of organs located in the abdominal cavity responsible for filtering waste products from the blood and excreting them as urine.
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