If the required reserve ratio is .10, the demand deposit expansion multiplier is
A) .1.
B) 4.
C) 5.
D) 10.
D
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Which of the following statements is FALSE?
A) A perfectly inelastic supply curve is a vertical line. B) Time is an important consideration in determining supply elasticity. C) Price elasticity of supply can never equal 1. D) A horizontal supply curve is possible.
Reserves of member banks appear on the Fed's balance sheet as liabilities
a. True b. False Indicate whether the statement is true or false
Sam Voter prefers Ronald to Joe, Joe to Gary, and Gary to Ronald. Sam's preferences:
A. are consistent with our assumptions about consumer behavior. B. are not complete. C. are not transitive. D. indicate that he is a liberal.