Assumptions: a) these two graphs show two sectors of the labor market for a particular kind of labor. b) relevant product markets are competitive. c) the two labor demand curves are identical. d) initially the quantities of labor employed in the two sectors are l1 and l'1, and the wage rate in each sector is wn. e) if a union is formed in sector 1 and the union increases the wage rate from wn to wu, then employment will

Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 .     c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.