macroeconomics policy

6. Predict whether unemployment will increase or decrease as a result of each of the following monetary policies. If it is unanticipated? What if it is anticipated? a. A reduction in the discount rate from 6 percent to 5.5 percent b. An open, market sale by the Federal Reserve Bank c. An increase in the required reserve ratio from 10 percent to 12 percent 7. If money wages are rising faster than output prices, a. what is happening to real wages? b. what would happen to unemployment as a result? c. what would happen to SRAS as a result? 8. Answer the following questions a. Why does an upward shift in the Phillips curve correspond to an upward shift in the short-ran aggregate supply curve? b. Why does a movement up and to the left along a Phillips curve correspond to a movement up and to the right along a short-run aggregate supply curve