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ECON 201 The First National Bank and The Money Multiplier Question

Order ID53563633773 TypeEssay Writer LevelMasters StyleAPA Sources/References4 Perfect Number of Pages to Order5-10 Pages

Description/Paper Instructions ECON 201 The First National Bank and The Money Multiplier QuestionUser Generated

Q1: You take $500 that you held as currency and put it into the banking system. The reserve ratio isequal to 20%.

Calculate the money multiplier.

- By how much will increase the total amount of deposits in the banking system?
- By how much will increase the money supply?

Q2: At the beginning of 2018, a town has 152,000 employed people and 8000 unemployed people.The remaining 40,000 people in the town are not in the labor force.

Based on these numbers:

- Calculate the town’s unemployment rate:
- Calculate the town’s labor force participation rate:
- Calculate Suppose that 10,000 people decide to join the labor force. Of these 10,000 people 7,800 find jobs. What is the unemployment rate at the end of 2018?

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