If personal taxes were decreased and resource productivity in short run increased simultaneously, the equilibrium . Pick your answer from below and explain your answer choice using aggregate demand and aggregate supply. A. Output would necessarily rise. B. Output would necessarily fall. C. Price level would necessarily fall. D. Price level would necessarily rise. Question 13 (5 points) 140 Listen 21 The commercial banking system has excess reserves of $2,000. Then new loans of $30,000 are subsequently made, and the system ends up just meeting its reserve requirements. The required reserve ratio must be_ _6. 24 Your