In recent times, M2 growth has been much less than monetary base growth. Given this information, what can you say has been happening to the growth in the multiplier?During this time, suppose that the Federal Reserve has not changed reserve ratios and that the k-ratio has stayed reasonably constant. Given this information, name one possible variable within the multiplier, along with the correct direction of change, which could have caused this change in the multiplier (Note: if the multiplier increases, its growth rate is positive and if the multiplier decreases, its growth rate is negative) (3 points).