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If Federal Reserve Chairman Alan Greenspan Announces a Reduction in Interest

Question 59

Multiple Choice

If Federal Reserve chairman Alan Greenspan announces a reduction in interest rates, this means that


A) the Fed will be following a contractionary monetary policy.
B) the Fed will be buying government securities on the open market.
C) the Fed will be selling government securities on the open market.
D) the Fed will be increasing the required reserve ratio.

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