Suppose the Federal Reserve increases the amount of reserves by $80 million and the total money supply increases by $480 million. Instructions: Enter your answers as a whole number. a. What is the money multiplier? b. Using the money multiplier from part a, how much will the money supply change if the Federal Reserve increases reserves by $50 million? $ million Use the following table to determine the levels of M1 and M2 in the United States. Money Categories in the United States Instructions: Enter your answers as a whole number. a. Calculate the M1 money supply. $ billion b. Calculate the M2 money supply. $ billion