The expected outcome of restrictive monetary policy is for inflation to _ and unemployment to _decrease; decrease decrease, increase increase, decrease increase; increase QUESTION 22 A left-shift of aggregate supply (aka a supply shock) would lead to _prices and _ output: lower; more lower; less higher, more higher, less QUESTION 23 In order to increase the federal funds rate, the Fed could conduct open market purchases lower the discount rate increase the interest on reserve balances (IORB) rate reduce reserve requirements