What is the total contraction of deposits, loans, and reserves in the entire banking system if the

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What is the total contraction of deposits, loans, and reserves in the entire banking system if the required reserve ratio is 5 percent and the Fed makes an open market sale of $150,000? What happens to the money stock? Re¬ member, we are assuming banks do not want to hold any excess reserves, the public does not hold cash, and banks do not borrow reserves.

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