If the Fed sells bonds:
A. The Phillips curve will shift down
B. Banks' reserves will be reduced
C. Bond prices will fall, and interest rates will fall
D. Aggregate demand will increase
E. Bond prices will rise, and interest rates will fall
A. The Phillips curve will shift down
B. Banks' reserves will be reduced
C. Bond prices will fall, and interest rates will fall
D. Aggregate demand will increase
E. Bond prices will rise, and interest rates will fall