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4. Suppose that the Fed conducted open market sales. Use the IS-LM model to illustrate graphically...

4. Suppose that the Fed conducted open market sales. Use the IS-LM model to illustrate graphically the impact of the open market sales on output and interest rates. Be sure to label: i. the axes; ii. the curves; iii. the initial equilibrium values; iv. the direction the curves shift; and v. the terminal equilibrium values.

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