Exhibit 6A-6 Consumer equilibrium
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As shown in Exhibit 6A-6, movement from consumer equilibrium at point Y to point X is caused by a(n):
A. increase in the price of good X.
B. decrease in the price of good X.
C. increase in the price of good Y.
D. decrease in the price of good Y.
Answer: A
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Vault cash is equal to $8 million, deposits by depository institutions at the central bank are $2 million, the monetary base is $30 million, and bank deposits are $100 million. The money multiplier is equal to
A) 2.5. B) 3.0. C) 4.0. D) 5.0.
Modigliani's consumption function differs from both Friedman's and Keynes' function in which of the following?
A) It is based on forward looking expectations. B) It is based on disposable income received over time. C) It is based on the value of assets accumulated over time. D) It is based on disposable income or permanent income.
The total revenue curve for a perfectly competitive firm
a. is a vertical line intersecting the horizontal axis b. is a horizontal line intersecting the vertical axis c. starts part way up the vertical axis, then slopes upward in a backwards-S curve d. is a straight line starting from the origin and sloping upward e. starts at the origin, sloping upward at first and then sloping downward
A grocery store hires cashiers and baggers. Cashiers earn $8 an hour; baggers earn $4 an hour. The manager, who wants to maximize the number of customers served given a fixed payroll, expects the following productivity from cashiers and baggers: 
Given the above information, what is the maximum possible number of customers that can be served with a payroll of $32?
A. 312 B. 936 C. 1208 D. 864 E. none of the above