Suppose that while vacationing in Switzerland, you won 9,375 Swiss francs, which is the equivalent of $8,000. When you return to the United States, you deposit the $8,000 into your checking account
If the required reserve ratio is 15 percent, this would increase your bank's
A) assets by $1,200. B) required reserves by $8,000.
C) excess reserves by $8,000. D) liabilities by $8,000.
D
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What will be an ideal response?
If exports are less than imports (while other planned injections equal other planned leakages), the economy
a. expands. b. contracts. c. has rising prices. d. remains stable.
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
________ occurs when people smoke more after buying life insurance.
A. Adverse selection B. Cournot and Bertrand competition C. Asymmetric information D. Moral hazard