24. When the Federal Reserve recently lowered the Federal Funds Rate, one method that it could have used was to:

lower the international value of the dollar

raise the reserve requirement

lower the interest rate paid on excess reserves

raise the discount rate charged to commercial banks

25. Which of the following statements is not part of the Classical Price Adjustment Mechanism when the economy moves below full employment?

Taxes fall when there is an increase in the money supply

Wages fall when the unemployment rate is above the NRU

Interest rates fall when savings are greater than investment

Prices fall when there is excess output in the economy

NO EXPALANTION REQUIRED