What is the new money supply and price level

Reference no: EM13690158

What is the new money supply and price level if banks loan out all excess reserves, people hold no currency and the fed buys 10 billion in gov't bonds from the public considering:

Real Output = 800 billion

Nominal Output= 2400 billion

Money supply= 100 billion

Reserve ration= 10%

Reference no: EM13690158

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