Refer to the scenario above. What is the opportunity cost of printing one notebook?

An increase in resources, efficiency, or technology will shift the:

A) short-run aggregate supply curve rightward. B) short-run aggregate supply curve leftward. C) long-run aggregate supply curve rightward. D) long-run aggregate supply curve leftward.

Assuming that banks have loaned all excess reserves, then an increase in checking account balances brought about by an increase in deposits is equal to:

A. (the initial deposit) × (the reserve ratio). B. (the initial deposit) × (1 / reserve ratio). C. (total reserves) × (1 / reserve ratio). D. (total reserves) × ( the reserve ratio).