Suppose Bill Gates deposits $20 million into his checking account at Wells Fargo Bank. If the required reserve ratio is 10 percent, what is the maximum change in money supply?

The recession of 2007-2009 would most likely be represented in a production possibilities frontier graph by

A) a point on the frontier. B) a point inside the frontier. C) a point outside the frontier. D) an intercept on either the vertical or the horizontal axis.

Suppose that nominal GDP in 2016 was less than real GDP in 2016. Given this information, we know for certain that

A) real GDP in 2016 was less than real GDP in the base year. B) real GDP in 2016 was greater than real GDP in the base year. C) the price level in 2016 was less than the price level in the base year. D) the price level in 2016 was greater than the price level in the base year.