1 ) The tools of monetary policy for altering the reserves of commercial banks are the: (5pts) Tax rate and level of government spending Consumer price index and unemployment rate Public debt, budget surplus, and budget deficit Discount rate, reserve ratio, and open-market operations 2 ) If Federal Reserve officials attempt to pull the economy out of a recession when the price level is relatively stable, the policies they would most likely use would be to: (5pts) Buy government securities and increase the discount rate Sell government securities and decrease the discount rate Buy government securities and decrease the discount rate Sell government securities and increase the discount rate 3 ) The economy is experiencing a low rate of economic growth and the Fed decides to pursue an expansionary money policy. Which set of actions by the Fed would be most consistent with this policy? Selling government securities and lowering the discount rate Selling government securities and raising the discount rate Buying government securities and raising the discount rate Buying government securities and lowering the discount rate