During recessions, banks typically choose to hold more excess reserves relative to their deposits. This action a. increases the money multiplier and...

During recessions, banks typically choose to hold more excess reserves relative to their deposits. This actiona.increases the money multiplier and increases the money supply.b.decreases the money multiplier and decreases the money supply.c.does not change the money multiplier, but increases the money supply.d.does not change the money multiplier, but decreases the money supply.