During the first half of2020, as the FED dealt with the Covidpandemic, its balance sheet(_____). This follows earlier FED policy from the Great Recession of 2008. Growth in FED assets is coupled with groth in FED(______). In the Federal Funds market the growth in FED liabilities(reserves) is going to put(_____) pressure on interest rates for the long run.

A.

shrunk tremendoulsy/ liabilities/ upward

B.

grew tremendously/ labilities/ downward

C.

shrunk tremendoulsy/ liabilities/ downward

D.

grew tremendously/ liabilties/ upward