(answered) – 1) (25 points total) Use the following links to answer theDescriptionSolution downloadThe QuestionPlease answer the attached questions. Please show all steps and formulas.1) (25 points total) Use the following links to answer the following questions. All dataare in billion $.The Currency component of M1http://research.stlouisfed.org/fred2/series/CURRSLDemand Depositshttp://research.stlouisfed.org/fred2/series/TCDSLExcess Reserveshttp://research.stlouisfed.org/fred2/series/EXCRESNSRequired Reserveshttp://research.stlouisfed.org/fred2/series/REQRESNSa) (5 points) Calculate the MI money multiplier for December of 2007 and forDecember of 2008.b) (5 points) Explain why the multiplier has changed the way it did and was thischange anticipated by the Federal Reserve, why or why not?c) (5 points) What has happened to the relationship between C/D = c and the moneymultiplier = m between 12/07 and 12/08?d) (10 points) Use the link below to answer the following question:the monetary base (MB)http://research.stlouisfed.org/fred2/series/AMBSLi) Using the data on the monetary base for 12/07 and the money multiplier for12/07 (from above), calculate the money supply for 12/07.ii) Using the data on the monetary base for 12/08 and the money multiplier for12/08 (from above), calculate the money supply for 12/08.iii) What is the percent change in the money supply between 12/07 and 12/08?iv) Assuming a stable money multiplier as of 12/07 and the same change in themonetary base, what would have been the percent change in the moneysupply?
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