How Changes in the Tools of Monetary Policy Affect the FF? 1} IDpen Market Operations : When in, 4' ir' id {Normal Case) Let's suppose that the initial 1'";- is beheeen Em. and ii 1. Please draw the initial market for the reserve graph. Indicate the equilibrium as \"1\". Label all the axis and curves. Let's say there is an Open Market operation sales {bytbe Fed} 2. What happens to which curve? Please explain any changes in writing and draw the change intbe above graph. Indicate the new equilibrilmi as \"2". 3. What happens to nonborrowing reserve or borrowed reserve? 4. Therefore, what happens to the monetary base? 5. Base on your answer above, what happens to the money supply in the economy {Ml}