The federal reserves is concerned about accelerating inflation and wants the money supply to decrease by $20 billion. The FOMC should ______ bonds. With a reserve requirement of 10% the money multiplier is ______. If the money supply needs to decrease by $20 billion, the Fed must _______ in bonds.
1) buy, 10, sell
2) sell, 10, buy
3) buy, 9, sell
4) sell, 9, buy