Refer to Figure 7.2. If Happy Times Theater charges one price to day customers and another price to night customers, then the day price will be 
A. $5.50.
B. $6.25.
C. $10.00.
D. $7.50.
Answer: B
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Assuming all excess reserves are loaned out, currency holdings by the public are zero, and a reserve ratio of 20 percent, an initial deposit of $6,000 will lead to a total increase in deposits of
A) $12,000. B) $24,000. C) $30,000. D) $36,000.
The Board of Governors:
A. are experts in banking, finance, and monetary policy. B. are appointed by the U.S. president and confirmed by the Senate to 14 year terms. C. Both these are true. D. Neither of these are true.
Which of the following will most likely cause movement along the consumption function?
a. a change in disposable income b. a change in interest rates c. a change in tastes d. a change in consumers' expectations
Suppose we observe an economy experience an economic expansion and high inflation. This means the expansion is attributed to
a. growth in aggregate demand. b. growth in aggregate supply. c. a reduction in aggregate demand. d. a reduction in aggregate supply.