1. Read the following articles on economic growth:

https://www.weforum.org/agenda/2016/01/what-does-2016-hold-for-the-global-economy/

https://www.weforum.org/agenda/2015/11/5-trends-for-the-future-of-economic-growth/

What are the trends of global growth? What are the trends in the U.S.? Positive? Negative? Do you see a relationship between education and growth in this country? What other factors affect economic growth? What do you expect to happen in the future?

2. How would the following events affect the supply of loanable funds curve in each case separately?

a. People's wealth is higher because of a stock market boom.

b. The future seems depressing, so people expect lower future incomes.

c. People's disposable income is lower because of a recession.

3. Suppose that at the end of December 2017, the monetary base in Canada is $80 billion, Bank of Canada notes are $64 billion, and there is $10 billion of coins. What are the reserves of the Canadian banks at the Bank of Canada?