Consider a situation where you are planning on purchasing a new cell phone. You are considering two cell phones. These cell phones have different purchase prices. Each mobile service provider charges a different rate for each minute that the cell phone is used. To determine which cell phone is the better buy, you need to develop an algorithm to calculate the total cost of purchasing and using each cell phone. What are all the inputs needed for this algorithm

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.