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If the Fed announces that it will reduce the growth rate of the money supply to 3% next year but people do not believe it, the Fed is said to_________.
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If the Fed announces that it will reduce the growth rate of the money supply to 3% next year but people do not believe it, the Fed is said to_________.

User Vdhant
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Answer:

money in circulation will reduce by 3%

Step-by-step explanation:

this mean the Fed will reduce the money in circulation by 3% and this indicates that few money will be available for the purchase of goods in the country.

User Starikovs
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