Test: Test2 - ECO x 0 Mail - Baker, Ethan C. x # Ethan Baker Experience x E myEKU Login Links | | x | Home - myEKU m/webapps/assessment/take/launch.jsp? course_assessment_id=_469878_1&course_id=_313099_1&content_id=_18242033_1&step Remaining Time: 1 hour, 49 minutes, 02 seconds. Question Completion Status: In his recent testimony before Congress, the Fedreal Reserve Chair stated, "Current macroeconomic data indicates the current economic risk is clearly that of an inflationary gap. The Fed should be in front of markets to mitigate such risks." The Fed Chair is most likely indicating the Fed may use appropriate monetary_policy to: a. decrease taxes. O b. decrease government spending. O c. FOMC open market sale of government securities. O d. FOMC open market purchase of government securities QUESTION 40 0.5 points Suppose the Federal Reserve System sells $10 billion in government securities as part of a change in monetary policy. This action will do which of the following in the short run: O a. Decrease the money supply, decrease interest rates, increase aggregate demand, and increase real GDP O b. Increase the money supply, decrease interest rates, increase aggregate demand, and increase real GDP c. Increase the money supply, increase interest rates, decrease aggregate demand, and decrease real GDP. O d. Decrease the money supply, increase interest rates, decrease aggregate demand, and decrease real GDP Click Save and Submit to save and submit. Click Save All Answers to save all answers, W 47'F Clo hp