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What Are Open Market Operations? If the Economy Is Experiencing

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Essay

What are open market operations? If the economy is experiencing a recession,what kind of open market operations should the Fed undertake?


Definitions:

Denitrification

The conversion of nitrate (NO3) to nitrogen gas (N2) by certain bacteria (denitrifying bacteria) in the soil; part of the nitrogen cycle.

Ammonification

The conversion of nitrogen-containing organic compounds to ammonia (NH3) by certain soil bacteria (ammonifying bacteria); part of the nitrogen cycle.

Nitrogen Fixation

The conversion of atmospheric nitrogen (N2) to ammonia (NH3) by certain bacteria; part of the nitrogen cycle.

Ecological Pyramids

Graphical representations showing the relative amounts of energy or matter contained within each trophic level in a given ecosystem.

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