The Argon Bank has $8 million in deposits and $1,600,000 in reserves. If the required reserve ratio is 20%, excess reserves are equal to

If the slope of the aggregate expenditure curve is 0.75, the expenditure multiplier is equal to

A) 1.33. B) 4.00. C) 0.75. D) 0.25. E) 5.00.

Refer to the figure above. With the tariff, the quantity of imports falls to

A) 10,000 units. B) 12,000 units. C) 14,000 units. D) 22,000 units.