27.If inflation is at 20% and unemployment rate is at 3%, proper monetary policies include:

a.selling government securities, or raising the reserve ratio, or raising the discount rate.

b.selling government securities, or reducing the reserve ratio, reducing the discount rate.

c.buying government securities, raising the reserve ratio, raising the discount rate.

d.buying government securities, reducing the reserve ratio, reducing the discount rate.

28.If inflation is at 20% and unemployment rate is at 3%, proper fiscal policies include:

a.lower tax rate, or higher income tax credit, or higher government spending.

b.higher tax rate, or lower income tax credit, or lower government spending.

c.buying government securities, or raising the reserve ratio, or raising the discount rate.

d.buying government securities, or reducing the reserve ratio, or raising the discount rate.