If a bank has $500 in excess reserves and the reserve requirement is 20 percent, then the maximum amount by which this individual bank can increase the money supply is _____

Refer to the graphs below of D and MR for a monopolist. Which of the following statements is true?

A. A price cut from P1 to P2 would lead to a decrease in consumer spending on the product
B. A price cut from P1 to P2 would lead to an increase in consumer spending on the product
C. A price cut from P2 to P3 would lead to no change in consumer spending on the product
D. A price cut from P2 to P3 would lead to an increase in consumer spending on the product

The higher the rate of unemployment:

a. The higher the level of potential GDP b. The higher the level of actual GDP c. The larger is the GDP gap d. The smaller is the GDP gap