You have 30 minutes to answer these questions. This is the second of 4 sections of the nal exam. You need to complete them all by 11:59pm. You are required to work on your own without help and without using the internet or phone other than for accessing Canvas for the test , however you can use everything on this course page, your textbook. notes, and calculator (or calculator software). If you have any problem taking the exam. please contact me as soon as possible via Canvas message, and where relevant, include a screenshot of the issue. I am unlikely to be available right away, so proceed with the exam as best you can Rely on application of the economic assumptions and models we have used throughout the course. This nal exam focuses on applying the models and principles of the course to topics covered after the midterm. Real price = Nominal price/'(Price index!100) GDP [Y] = C + l + G + {X - M) Taylor rule: Qtaylor rule.png Multiplier effect = 1KMPS MV=PT :> Question 2 1 pts With Covid, between 2020 and 2021, the Federal Reserve created and distributed $6.5 trillion of new money. Currently bank reserve requirements are 10%. What is the total eventual increase in the US money supply in $trillion from this? (round to nearest $trillion. just type the number of trillions. no currency sign or anything!) I Previous ' Next v