Assume that in order to close the output gap, the Central Bank of Pawnee has decided they need to set a target interest rate of 5%. If the reserve ratio in Pawnee is 10%, there is no currency drain, and banks do not hold excess reserves, what should the amount of the open market operation be

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.