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You are a member of the Council of Economic Advisers for the Central Bank in the country of Kumbara. Currently the economy of Kumbara is
You are a member of the Council of Economic Advisers for the Central Bank in the country of Kumbara. Currently the economy of Kumbara is feeling the impacts of the crisis in the nation of Moolah, a major trade partner. Kumbara's GDP is currently at $370b and is estimates show that Kumbara's economy has the capacity to produce $400b. The president of Kumbara does not wants to change taxes or government spending. The reserve requirement ratio in Kumbara is 10%. Prepare a brief report that answers the following questions
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