If the federal reserve conducts an open market purchase, we can expect
a. the short-run phillips curve will shift left.
b. the short-run phillips curve will shift right.
c there will be a movement to the right along the short-run phillips curve.
d. there will be a movement to the left along the short-run phillips curve.
e. the long-run phillips curve will shift right.

Over the past several years, joyce chen has been able to save regularly. as a result, today she has $54,188 in savings and investments. she wants to establish her own business in 5 years and feels she will need $100,000 to do so. a. if she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in 5 years? will joyce have the $100,000 she needs? if not, how much more money will she need? b. given your answer to part a, how much will joyce have to save each year over the next 5 years to accumulate the additional money? assume she can earn interest at a rate of 6%. c. if joyce can afford to save only $4,000 a year then, given your answer to part a, will she have the $100,000 she needs to start her own business in 5 years?