Reserves will be unchanged and non borrowed reserves

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reserves will be unchanged, and non-borrowed reserves will decrease.
3) Please answer briefly to the following questions from Chapter 16 a) Question 6 Why is a public announcement of numerical inflation rate objectives important to the success of an inflation-targeting central bank?
b) Question 7 How does inflation targeting help reduce the time-inconsistency of discretionary policy?
c) Question 17
Classify each of the following as either a policy instrument or an intermediate target, and explain why. a. The ten-year Treasury bond rate b. The monetary base c. M1 d. The fed funds rate (a) The ten-year bond is an intermediate target because it is not directly affected by the tools of the Fed, but is linked to economic activity. (b) The monetary base is a policy instrument because it can be directly affected by the tools of the Fed and is only linked to economic activity through its effect on the money supply. (c) M1 is an intermediate target because it is not directly affected by the tools of the Fed and has some direct effect on economic activity. (d) The fed funds rate is a policy instrument because it can be directly affected by the tools of the Fed. d) Question 23 What does the Taylor rule imply that policymakers should do to the fed funds rate under the following scenarios?

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