If the Fed Makes an Unexpected Open Market ________ of Government

question 22

Multiple Choice

If the Fed makes an unexpected open market ________ of government securities,the aggregate ________ curve shifts rightward and ________.

• A) sale; supply; the short-run Phillips curve shifts upward
• B) purchase; demand; the short-run Phillips curve shifts downward
• C) sale; demand; there is a movement along the short-run Phillips curve
• D) purchase; demand; the long-run Phillips curve shifts rightward

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