If a bank has excess reserves of $15,000 and demand deposit liabilities of $80,000, and if the reserve requirement is 20 percent, then the bank has total reserves of

An increase in the money stock has no effect on equilibrium income whenever the

a. IS curve is horizontal. b. IS curve is vertical. c. LM curve is vertical. d. LM curve is horizontal.

Under an upward sloping supply curve for land, the economic rents to land ________ as the demand for land shifts rightward

A) decrease B) increase C) remain the same D) We do not have enough information to answer this question.