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3. A bank in Alshamyyille receives an initial deposit of $1500 in the year 2021. However. 5. In the Alshamyyillean economy in 2021, the price
3. A bank in Alshamyyille receives an initial deposit of $1500 in the year 2021. However. 5. In the Alshamyyillean economy in 2021, the price level increased by 2%, while output the initial deposit leads to an increase in the total money supply of $3000. Calculate the increased by 2%. Calculate the percent change in velocity (V). reserve-deposit ratio (51;). 6. Given your answers above, assume that the currency-deposit ratio (9;) is 0.8. Find the monetary base (B). 4. The total money supply (assume it is equal to the quantity of money, M) in Alsharnyyille was exactly $100,000 before the initial deposit in Question 3. The initial deposit raises the total money supply by What percent
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