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In September of 2007,the Federal Reserve Board Open Market Committee

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Essay

In September of 2007,the Federal Reserve Board Open Market Committee voted to lower interest rates for the first time that year.Explain how lower interest rates affect the aggregate demand curve.


Definitions:

Cochlear Duct

A spiral-shaped cavity within the cochlea of the inner ear, filled with fluid and containing the organ of Corti, which produces nerve impulses in response to sound vibrations.

Outer Ear

Portion of the ear consisting of the pinna and the auditory canal.

Middle Ear

Portion of the ear consisting of the tympanic membrane, the oval and round windows, and the ossicles, where sound is amplified.

Semicircular Canals

Structures in the inner ear involved in maintaining balance.

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