Suppose that the money supply in Atlantis is given by Md= 50,000-500,000(1/p) and that there are $10,000
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Suppose that the money supply in Atlantis is given by Md= 50,000-500,000(1/p) and that there are $10,000 of currency currently in circulation. (amount of currency printed by the central bank, NOT THE TOTAL MONEY SUPPLY). If the price level is given by p=$50, what is the reserve ratio in Atlantis.
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