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the money supply is now?? Suppose that: r = required reserve ratio = 0.15 C = {C/D) = currency ratio = 0.30 e = {ER/D}

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Suppose that: r = required reserve ratio = 0.15 C = {C/D) = currency ratio = 0.30 e = {ER/D} = excess reserve ratio = 0.05 MB = the monetary base = $3,000 billion Given that the formula for the money multiplier is ltiplier is l_1+c find the value for M. the money supply. The money supply is $ 7800 billion. (Round your response to the nearest whole number) Use the money multiplier to find the new value for the money supply if open market operations increase the monetary base by $200 billion The money supply is now billion. (Round your response to the nearest whole number

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