Suppose there is $120 billion of cash and that half of this cash is held in bank vaults as required reserves (that is, banks hold no excess reserves). How large will the money supply be if the required reserve ratio is 10 percent? 121 ⁄2 percent? 162 ⁄3 percent?

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A: As per answering guidelines, answering the first question.

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A: Hi. since there are multiple questions we will answer the first three questions.  

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A: Given: Y(K,L) = 100(KL)3/4

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A:

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