HW14 2.86@

bank deposit(1-resv req)=excess res, excess res(1/resv req)=total change in M1

1. 400 (1-.25) 300 300 1/.25 1200

2. 500 (1-.2) 400 400 1/.2 2000

3. _ (1- _) 45 45 1/.1 _

4. _ (1- _) _ _ 1/.05 3800

5. 600 (1- _) 360 360 1/_ _

6. _ (1-.25) _ _ 1/_ 240

7. _ (1- _) _ _ 1/.2 300

8. 60 (1- _) _ _ 1/_ 180

9. 200 (1- _) 180 180 1/_ _

10. _ (1-.05) 285 285 1/_ _

11. 300 (1- _) _ _ 1/_ 700

12. _ (1- _) 120 120 1/_ 300

answers: .05 .05 .1 .1 .1 .2 .25 .25 .25 .3 .3 .4 .4 .4 .4 45 45 50 60 60 60 60 75 80 190 190 200 200 210 210 300 450 900 1800 5700