Suppose you are a manager at bank of america and the, Business Economics

Suppose you are a manager at bank of america and the

Suppose you are a manager at Bank of America and the Federal Reserve raises the required reserve ratio from 10 percent to 12 percent. What actions would you have to take? How would your actions and those of other bank managers end up affecting the money supply? Next, explain how would this change influence the nominal interest rate, real GDP and price level.

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Business Economics: Suppose you are a manager at bank of america and the

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