2. The reserve requirement is 20% and the FED buys 200 billion dollars of government
securities. What is the maximum expansion possible in the money supply?
3. Explain how the change in the money supply in question 2 works its way through the
economy to affect employment, inventories, GDP, and interest rates. Be sure to explain the
causality chain, not just what happens to each variable.

Many scholars and observers have argued that the ratification of the fourteenth amendment to the constitution has become the single most important act in all of united states politics. (a) identify which provision of the fourteenth amendment was applied to the following supreme court cases. for each case, explain the significance of the decision in united states politics. ' mapp v. ohio (1961) ' gideon v. wainwright (1963) (b) identify which provision of the fourteenth amendment was applied to the following supreme court cases. for each case, explain the significance of the decision in united states politics. ' brown v. board of education (1954) ' baker v. carr (1962) ' regents of the university of california v. bakke (1978)