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If the Fed shifts to a more restrictive monetary policy, and it utilizes the open market operations tool, describe what will happen to the reserves

If the Fed shifts to a more restrictive monetary policy, and it utilizes the open market operations tool, describe what will happen to the reserves available to banks?

If the Fed shifts to a more restrictive monetary policy, and it utilizes the open market operations tool, describe what will happen to real GDP?

If the Fed shifts to a more restrictive monetary policy, and it utilizes the open market operations tool, describe what will happen to the prices of stocks?

If the Fed shifts to a more restrictive monetary policy, and it utilizes the open market operations tool, describe what will happen to net exports?

If the Fed shifts to a more restrictive monetary policy, and it utilizes the open market operations tool, describe what will happen to the exchange rate value of the dollar?

If the Fed shifts to a more restrictive monetary policy, and it utilizes the open market operations tool, describe what will happen to household spending on consumer durables?

If the Fed shifts to a more restrictive monetary policy, and it utilizes the open market operations tool, describe what will happen to real interest rates?

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