2. Using the model of the market for reserves presented in Class 15, please show the effects of an open market sale. 1FWhat happens to the quantity of non-bon'owed reserves and the federal funds rate? {1-HNT: 1n Mimosoft 1'I'Iiord, you can use the drawing toolbar to create lines to draw graphs.) Please do not cut and paste from the class notes. You can cut and paste a graph you have already drawn. How has the model changed since the Fed decided to payr interest on reserves in 2003