Suppose that the reserve ratio is 6%, and applies only to checkable deposits. A bank has non-checkable time deposits of $300 million, checkable deposits of $100 million, and reserves of $8 million. What are the excess reserves of this bank?

"Being the only seller in the market, the monopolist can choose any price and quantity it desires." Evaluate this statement: Is it true or false? Explain your answer

What will be an ideal response?

In a model with money neutrality, a 10% increase in the money supply leads to an increase of output by

A) more than 10%. B) 10%. C) less than 10%, but more than zero. D) zero.