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The Federal Reserve wants to change the nominal interest rate from 7% to 5%. What action must the Federal Reserve take? A) The Fed needs to increase the quantity of money by $0.…

The Federal Reserve wants to change the nominal interest rate from 7% to 5%. What action must the Federal Reserve take? A) The Fed needs to increase the quantity of money by $0.…
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The Federal Reserve wants to change the nominal interest rate from 7% to 5%. What action

must the Federal Reserve take?
A) The Fed needs to increase the quantity of money by $0.4 trillion.
B) The Fed needs to decrease the quantity of money by $0.4 trillion.
C The Fed needs to decrease the quantity of money by $1.3 trillion.
D) The Fed needs to increase the quantity of money by $1.3 trillion.

asked
User Koichi Nakashima
by
7.6k points

1 Answer

1 vote

Answer:

the answer is a

Step-by-step explanation:

i just took the usatestprep

answered
User Dave Burt
by
7.3k points
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