Please answer the following question:

3. Central bank monetary management during and after financial crises A. During this banking crisis what would have happened to the money supply, bank loans, and to the overall economy if the monetary base (H) had stayed constant? Explain. B. When did the U.S. demonstrate the predictions of this question? C. Phillipines: Growth in M & H 150 - - - Money Growth 100 - H Growth percent 50 Plot Area 0 1975 1978 1981 1984 1987 -50 D. As shown in Chart C, the monetary base (H) grew very rapidly in 1983 (139%) and 1984 (55%). i. Who chose to raise H so rapidly? Be specific. ii. What was the goal of raising H so rapidly? Explain using the relevant algebraic expression. iii. Was the goal achieved? Explain. E. During 1987, H fell by 12% while M grew 25%. Explain this difference. Be sure to provide the relevant algebraic expression