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zubka84 [21]
2 years ago
12

From 2004 to 2006 the Fed raised the federal funds rate gradually in a series of steps. The Fed's purpose was to raise the prime

interest rate so that: a banks would reduce lending that was building up unmanageable consumer debt. b aggregate demand would continue to grow consistently and with low inflation. c high inflation rates would fall. d aggregate supply would grow, increasing output and lowering the price level.
Business
1 answer:
zheka24 [161]2 years ago
8 0
It’s c: high inflation rates would fall.
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_______ refers to changing one or more of a product's characteristics; while, a _______ is the development of a product closely
jeka57 [31]

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When economists are sketching examples of demand and supply, it is common to sketch a demand or supply curve that is close to ve
Hitman42 [59]

Answer:

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I hope you find this information useful and interesting! Good luck!

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