The federal reserve wants to change the nominal interest rate from 4% to 6%. 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 50.4 trillion.
the fed needs to decrease the quantity of money by $1.1 trillion
the fed needs to increase the quantity of money by 51.1 trilli