Using table 6.3, it is decided that a decrease in the money supply is the correct policy, given the current economic situation. Which list of monetary policy actions would be appropriate?

Select one:

A. Open-market sale, higher discount rate, higher required reserve ratio

B. Open-market sale, lower discount rate, lower required reserve ratio

C. Open-market purchase, lower discount rate, lower required reserve ratio

D. Open-market purchase, higher discount rate, higher required reserve ratio

Cash held by the public: Discount rate: Total reserves: Unemployment rate: Required reserve ratio: Rate of inflation: Transactions deposits: $400 million 5% $1,000 million 7.6% 20% 1.1% $5,000 million