Question: For each of the following you onlyneed to providea one or twoword response (choose one of the underlined phrases for each statement.
a) Historically in the United States southernintereststypically did or didnot support the Second Bank ofthe United States.
b) According the political business cycle theory there would be atendencyto increase/decrease the money supplybefore an election.
c) All else the same, an increase in Treasurydeposits to the Fed will increaseldecrease the monetary base.
d) Over the course of 1931-1934, the currencyratio inthe United States increased decreased
e) Targeting non-borrowed reserves federal funds rate will tend toincreasethevolatility of interest rates in the economy.
f) Open market operations tooffset achange inreserves demand would be an example of a defensive/d copen market operation.
g) If inflation becomes more sensitive to changes in the output gap,thislikely means that beta is higher lower.
h) Implementing inflation targetingis thought to decrease the transparency of the Central Bank.