(a) Calculate the required reserve ratio if Canary Bank holds no excess reserves. Show your work. (b) The central bank of Econland buys of government bonds from Canary Bank. What is the dollar value of the change in the monetary base? Explain using numbers. (c) Based on your answer to part (a), calculate the maximum change in the money supply as a result of the central bank bond purchase after all adjustments take place in the banking system. Show your work. (d) Given the change in the money supply in part (c), calculate the change in nominal gross domestic product if the velocity of money is . Show your work. (e) Assume the economy of Econland is initially at full employment. Based solely on the change in the money supply in part (c), will real output increase, decrease, or stay the same in the long run? Explain.