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a) What would happen to the money multiplier as a result of doubling the reserve requirements from 10% to 20%? b) Assuming that the legal

a) What would happen to the money multiplier as a result of doubling the reserve requirements from 10% to 20%?

b) Assuming that the legal reserve ratio is 20%, trace the effects of a $1 billion open-market purchase,

c)What is the objective the Fed's action in b?

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