Check my work Suppose the Federal Reserve sets the reserve requirement at 10%, banks hold no excess reserves, and no additional currency is held. Instructions: In part a, round your answer to two decimal places. In part b, enter your answer as a whole number. a. What is the money multiplier? b. How much will the total money supply increase by if the Federal Reserve increases reserves by $400 million? $ million c. When the Federal Reserve increases the reserve requirement, the money multiplier will ( (Click to select) : and an increase in reserves will have ((Click to select) + ) effect on the money supply. ices