Recall the Application About the Possibility That the Federal Reserve's

Multiple Choice

Recall the Application about the possibility that the Federal Reserve's loose monetary policy was responsible for the housing boom during the 2000s to answer the following question(s) .
-Recall the Application. When applying the Taylor Rule to the decade of 2000, economist John Taylor found that past experience showed that from 2001 to 2004, the Fed should have ________ interest rates instead of ________ interest rates.

A) lowered; raising
B) raised; lowering
C) not changed; lowering
D) raised; not changing