Generous Corporation provides a SIMPLE plan for its employees. Under the plan, employees can contribute up to 6% of their salary, and Generous Corporation will match each employee’s contribution up to 3% of the employee’s salary. Erika is an employee of Generous Corporation and elects to contribute 6% of her $60,000 salary to the SIMPLE plan. What is the total contribution made to her SIMPLE account?

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.