Given W=180 b=0.75 G=90 Tax=90 NX=-50 I=300-10r Central bank reserves are Gold=100 f. currencies 200 l.currencies 150 t-bills 500 RRR=0.2 MD=5000-50r Calculate the equilibrium GDP (y). If Ypot=1700 by how much should the central bank change the RRR to attain potential If instead the central bank will involves open market operations in order to attain potential. By how much should it increase or decrease t-bills.

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Gopm Ct Pt GT NX Wt bly ELASS GOPCY 14sst3001or 9... View the full answer