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The Federal Reserve's Open Market Committee has decided that the federal funds rate should be .5% rather than the current rate of 1.


12. The Federal Reserve's Open Market Committee has decided that the federal funds rate should be .5% rather than the current rate of 1.25%. The appropriate open market action is to _____ Treasury bills to _____ the money _____ curve.

A. buy; decrease; demand
B. buy; decrease; supply
C. sell; decrease; demand
D. buy; increase; supply

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