(b) Suppose that the Bank of Canada estimates that a reduction of the rate of interest to 4 percent would move the economy to full employment. Given this estimate, what would be the quantity of money demanded at full employment? (c) Suppose the Bank of Canada reduces the target for the overnight rate prompting commercial banks to reduce the market rate of interest to 4 percent. Are the commercial banks experiencing now a situation of excess cash reserves or of too little cash reserves? What is the size of this excess/insufficient cash reserves when Y = 1 500? (d) What will the commercial banks do to eliminate this excess/insufficient cash reserves? By how much should the level of cash reserves of the banking system change for the economy to move to full employment