'sining your answers. A 'ad and must show -how how you #3 Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. If the question prompts you to "Calculate," you must show how you arrived at your final answer. Respond to all parts of the question. Tony opens a new checking account and deposits $800 in cash in NOVA Bank. The required reserve ratio is 5%. (a) Draw a correctly labeled balance sheet (T account) for NOVA Bank and show the numerical value of each of the following as a result of this deposit before any loans have been made. (i) Change in Required Reserves (RR) (ii) Change in Excess Reserves (ER) (iii) Change in Demand Deposits (DD) (b) What is the maximum amount of loans that NOVA Bank can initially make from Tony's deposit? Provide a numerical value. (c) As a result of Tony's deposit, calculate the maximum amount by which the money supply will increase throughout the banking system. SHOW YOUR WORK. (d) In general, how will an increase in the money supply affect unemployment in the short run? Explain