29) The monetary base will increase it A) bank reserves increase B) loans by the Fed to commercial banks decrease C) vault cash in banks increases D) currency outstanding decreases 30) When forecasting interest rates and the direction of monetary policy, economists often examine the A) Federal Advisory Council Statement B) Economic Report of the President C) Federal Deposit Insurance Corporation Report D) Federal Open Market Committee directive 31) The unemployment rate is an example of a Federal Reserve A) intermediate target B) operating target C) ultimate objective D) tool