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Suppose on Any Given Day the Prevailing Equilibrium Federal Funds

question 123

Multiple Choice

Suppose on any given day the prevailing equilibrium federal funds rate is above the Federal Reserve's federal funds target rate. If the Federal Reserve wishes for the federal funds rate to be at their target level,then the appropriate action for the Federal Reserve to take is a ________ open market ________,everything else held constant.


Definitions:

Controlling

The process of monitoring performance, comparing it with goals, and taking corrective action as needed.

Planned

Refers to activities or actions that have been thoughtfully considered and organized in advance.

Accomplished

Having successfully completed or achieved a goal or objective; skilled and capable.

Received

Pertains to goods, services, or payments that have been accepted or taken in by an individual or organization.

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