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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
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31 votes
31 votes
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.

User Dreen
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1 Answer

19 votes
19 votes

Answer:

the answer is a

Step-by-step explanation:

i just took the usatestprep

User Anusha Nilapu
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