Railroads fueled the expansion of all markets in the post-bellum period of U.S. history

When the Fed sells bonds in the open market, interest rates _______ and aggregate demand shifts to the _______.

A. Rise; left B. Rise; right C. Fall; left D. Fall; right

Over a year, the money supply in a nation grew by 8 percent, while velocity rose by 2 percent and real GDP rose by 3 percent. This results in an inflation over the year of ________ percent

A) 7 B) 9 C) 13 D) 3