If rapid inflation occurs in a relatively full employment economy, well-coordinated monetary and fiscal policies would involve: a government surplus, the purchase of securities in the open market , and a lower discount rate. a government deficit, the sale of securities in the open market, and a higher discount rate. a government surplus, the sale of securities in the open market , and a higher discount rate. a government deficit, the purchase of securities in the open market , and a higher discount rate.
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