Problem
Predict whether unemployment will increase or decrease as a result of each of the following monetary policies. If it is unanticipated? What if it is anticipated?
a. a reduction in the discount rate from 6 percent to 5.5 percent
b. an open market sale by the Federal Reserve Bank
c. an increase in the required reserve ratio from 10 percent to 12 percent
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.