14. The Fed wants to achieve an interest rate of 3 percent and a money stock of $700 billion. The economy is currently in equi¬ librium, with an interest rate and a money stock that are both below the Fed’s tar¬ gets. Can the Fed use its policy instru¬ ments (like open market operations or re¬ serve requirements) to raise interest rates and the equilibrium stock of money to their desired levels? Explain.