Suppose the reserve requirement for the United States is 15%. Instructions: Round your answers to the nearest whole number.
a. Suppose the Federal Reserve wants to increase the money supply. What should it do to accomplish this goal?
The Fed could make an (open market sale / open market purchase) of $30 billion, resulting in a total increase in the money supply of $
b. Now suppose the Fed wants to decrease the money supply. What should it do to accomplish this goal?
The Fed could make an (open market sale/ open market purchase) of $40 billion, resulting in a total decrease in the money supply of $

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.