Question

select the supply of reserves, the upper end of the demand for reserves, lower end of the demand for reserves, or both the upper and lower end of the demand for reserves. then selected the direction of the shift. the federal reserve decreases administered rates.

Explanation:

Administered rates (like the discount rate, interest on reserves) form the upper and lower bounds of the demand for reserves. When the Fed lowers these rates, the upper end (linked to the discount rate) shifts downward, and the lower end (linked to interest on reserves, the policy rate PR) also shifts downward, as both bounds are set by these administered rates.

Answer:

1. Select both the upper and lower end of the demand for reserves
2. Shift both ends downward