Suppose the required reserve ratio is 0.20. Total bank deposits are $200 million and the bank holds $50 million in reserves. How much more money could the bank create if it does not hold excess reserves?

The figure illustrates the market for chairs. If the supply of chairs increases, the price of a chair ________ $40 and the quantity ________

A) will rise above; demanded will decrease B) will rise above; supplied will increase C) will fall below; demanded will increase D) will fall below; demanded will decrease

Which market structure(s) is(are) imperfectly competitive?