. Referring to China nnempectedly cuts reverse repo rate by most in 5 years to support virushit economy: (a) Given the change in the reverserepo rate discussed in the article how many basis points are in one percent? (b) What was the term (number of days) of the reverse-repo rate that the PBOC changed. (c) A change in the policy rate can be categorized via the Optimal rat rule in terms the change in ination as follows: 0 expansionary if the new rate is lower than what the change in ination indi cated. o contractiona'ry if the new rate is higher than what the change in ination indicated. 0 neither expansionary or contractionary if the new rate is What the change in ination indicated. If there was no change in ination when the PBOC changed the reverserepo rate, was their action expansionary, contractionary, or neither? Briey explain. 1