In an interview in July 2020, during the Covid-19 pandemic, Federal Reserve Bank of Dallas President Robert Kaplan stated: "I just don't want to pull out one objective pulling out inflation without regard to other considerations, and without regard to the second part of the dual mandate." What was Kaplan referring to as the second part of the dual mandate"? A. Low taxes OB. High employment OC. High exchange rates OD. Low interest rates What are the three new tools for managing the federal funds rate that the Fed has relied on in recent years? (Check all that apply.) A. The Fed began paying interest on bank reserves to better control the quantity of excess reserves banks hold. B. The Fed began forgiving outstanding discount loans to banks in order to improve profitability in the banking system. C. The Fed began engaging in overnight reverse repurchase agreements by selling securities to financial firms overnight. D. The Fed began selling term deposits to banks in order to impact the quantity of excess reserves they choose to hold. What is the relationship between the federal funds rate and the interest rates on 30-year mortgages and on Aaa and Baa rated corporate bonds? These rates generally OA. move in opposite directions that is, if the federal funds rate increases, then these long-term rates would decrease OB. move together, although the federal funds rate often increases and decreases more than these long-term rates. OC. move independent of each other-that is, there is no direct correlation between these long-term rates OD. move in an inderminate manner-that is, it is not possible to determine if any relationship exists because the target for the federal funds rate is subject to change