Estimate all possible unknowns in xyz economy

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Q. Consider nation of "XYZ", in which re is one bank, which starts out operating at its required reserve ratio of 10%. Assume that velocity of money is 5, nominal GDP is $1,350,000 and cost level is 3. Estimate all possible unknowns in XYZ's economy, if its federal reserve buys $9,000.00 in government bonds.

Reference no: EM1367439

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