On the last day of october, wicker company borrows $120,000 on a bank note due in 90 days (3 months) at %11 percent. interest is not included in the face amount. assume that wicker properly recorded the borrowed amount at october 31. if no payments have been made with respect to this loan, should a liability be recorded at wicker's fiscal year end of december 31, and if so, what is the amount of the liability that should be record? assume that each month is 30 days.

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.