5 Homework Answered Due Mar 17'th, 11:59 PM 0 The consumer price index has gone from 200 to 220 over the same period that average annual income increased from $100,000 to $105,000. Real average income has: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a increased b decreased c not changed X Your answer cannot tell without knowing the base year of the price index CH 12 Q9 Homework . Answered . Due Mar 17th, 11:59 PM The Federal Reserve believes that inflation is or will be too high given the current stance of monetary policy. Which of the following would help the Fed achieve its goal of lower inflation? (Select all that apply) Multiple answers: Multiple answers are accepted for this question Select one or more answers and submit. For keyboard navigation... SHOW MORE v a Open market purchases. b Reduce the Federal Funds rate. X Your answer C Raise the interest rate on excess reserves. Your answer d Open market sales. Your answer e Increase the target for the Federal Funds rate. Your