Refer to Figure 2-6. If the economy is currently producing at point E, what is the opportunity cost of moving to point D?

If the price of hamburger increases, it would probably result in ________ in the demand for hamburger buns.

A) a decrease B) an increase C) no change D) random fluctuations

Decisions by depositors to increase their holdings of ________, or of banks to hold ________ will result in a smaller expansion of deposits than the simple model predicts

A) deposits; required reserves B) deposits; excess reserves C) currency; required reserves D) currency; excess reserves