Janet Yellen in her speech indicates that the Federal Reserve will automatically raise the fed funds rate once the O True O False QUESTION 7 According to Williams (2012) what has happened to bank reserves since 2008 and why has this happened? O Reserves have held steady as monetary policy has achieved its inflation target of 2%. O Reserves have fallen dramatically as banks have purchased more and more safe government bonds. O Reserves have increased due to many attractive investment opportunities. O Reserves have increased drastically as the opportunity cost of holding them has been very low. QUESTION 8