a. In a column in the Wall Street Journal, two economists at the Council on Foreign Relations argue: Simple put, the Fed must choose between managing the level of reserves and managing rates. It cannot do both". Do you agree? Briefly explain b. A former Federal Reserve ofcial argued that at the Fed l'the objectives of prices stability (i.e. ination) and low long-term interest rate are essentially the same objective." Briefly explain how these two moves together