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Assume the demand for deposits equals 100,000 goods and the non borrowed part of the monetary base is $20,000. Let the reserve requirement be 12 percent. a. Find the price level, the total money stock, and the real value of investment by banks in the absence of central bank lending. b. Now assume that the central bank allows banks to meet one-third of their reserve requirement by borrowing from the central bank and that banks take full advantage of this privilege. Answer part a given this new assumption. Please help! Thank you so much