More education guarantees a higher income and escaping poverty

Which of the following is TRUE regarding business cycles?

I. Cycles are predictable. II. In each cycle, a peak follows an expansion. III. Potential GDP fluctuates around real GDP. A) I and II B) I and III C) II and III D) II only

In the market for reserves, if the federal funds rate is between the discount rate and the interest rate paid on excess reserves, a ________ in the reserve requirement increases the demand for reserves, ________ the federal funds interest rate,

everything else held constant. A) rise; lowering B) decline; raising C) decline; lowering D) rise; raising