Explain how each of the following events affects the monetary base, the money multiplier,
and the money supply.
(a) the federal reserve buys bonds in an open-market operation.
(b) the fed increases the interest rate it pays banks for holding reserves.
(c) the fed reduces its lending to banks through its term auction facility.
(d) rumors about a computer virus attack on atms increase the amount of money
people hold as currency rather than demand deposits.
(e) the fed flies a helicopter over 5th avenue in new york city and drops newly
printed $100 bills.

idk the answer so dont listen to me but 23

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.