Answer the next question based on the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 12 percent. All figures are in billions of dollars.AssetsLiabilities & Net WorthReserves$60  Checkable Deposits$150Loans100  Stock Shares135Securities25 Property100?Refer to the above data. The commercial banking system has excess reserves of:

The table above gives the aggregate demand and aggregate supply schedules in Lotus Land

With no changes in aggregate demand or long-run aggregate supply, in long-run macroeconomic equilibrium, the price level will be ________ and real GDP will be ________. A) 120; $400 B) 110; $500 C) 90; $400 D) 100; $600

The above figure shows supply and demand curves for apartment units in a large city. At the unregulated equilibrium, producer surplus will be

A) d. B) d + e. C) d + g. D) d + c + g.