Assume that the following data describe the condition of the banking system: required reserve ratio 20 percent (a) total deposits $100 billion (b) total reserves 30 billion (c) required reserves 20 billion (d) excess reserves 10 billion (e) money multiplier 5 (f) unused lending capacity $50 billion what would the following values be immediately after a change in the required reserve ratio from 0.20 to 0.10?

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.