In a system of fractional-reserve banking, even without any action by the central bank, the money supply increases if households choose to hold _currency or if banks choose to hold _excess reserves. Select one: O a. more, more O b. more, less O c. less, more O d. less, less Clear my choiceWhy is the money supply curve vertical? Select one: O a. The quantity of money supplied increases when the value of money increases. O b. The quantity of money supplied increases when the price level decreases. O c. The quantity of money supplied increases only if people desire to hold more money. O d. The quantity of money supplied increases only if the central bank increases the money supply.Which of the following is a sterilization operation that protects against an increase in the amount of Canadian dollars in the economy? Select one: O a. The Bank of Canada sells U.S. dollars and buys government bonds. O b. The Bank of Canada buys U.S. dollars and lends it to commercial banks. . C. The Bank of Canada sells both U.S. dollars and government bonds. O d. The Bank of Canada buys both U.S. dollars and government bonds.W/P 5 20 30 40 The figure above shows a labour market with wages per hour (W/P) on the vertical axis and quantity of labour (Q) on the horizontal axis. Suppose there was a minimum wage of $6 for the last 4 years that a newly elected government has just eliminated (removed), what will happen to employment in this market? Select one: a. Unemployment would drop by 10. O b.. Unemployment would drop by 20. C. Unemployment would rise by 20. O d. Unemployment would be unchanged. Clear my choice