Most of the increase in total money supply between 1860 and 1920 was due to:
a. sustained economic growth.
b. the growth of bank deposits.
c. an increase in greenbacks.
d. new discoveries of gold and silver.
b. the growth of bank deposits.
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Based on the graph showing a reduction in the growth of the money supply, if the inflation rate remains at 3 percent for a substantial amount of time, people will adjust their expectations regarding the inflation rate to this level, which ______.
a. shifts the short-run Phillips curve to the left
b. shifts the short-run Phillips curve to the right
c. moves the economy back down the Phillips curve to Point A
d. moves the economy back up the Phillips curve to Point B
Referring to Figure 1.9, if a point is attainable, it is in 
A. AREA #2 but not on the curve. B. AREA #1 or is on the curve. C. AREA #1 but not on the curve. D. AREA #2 or is on the curve.