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Before October 2008, if the Fed were to increase the discount rate so that it was much higher than the federal funds rate, eventually a.

Before October 2008, if the Fed were to increase the discount rate so that it was much higher than the federal funds rate, eventually a. reserves would have decreased and the money supply would have increased. b. reserves would have decreased and the money supply would have decreased. c. reserves would have increased and the money supply would have increased. d. reserves would have increased and the money supply would have decreased

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