If households in the economy decide to take money out of checking account deposits and hold it as currency, this will initially

During his tenure at the helm of the Federal Reserve System, Paul Volcker reestablished ________

A) a system of fixed exchange rates B) the role of open market operations in the monetary policy actions of the Fed C) the credibility of the Federal Reserve as an inflation fighting institution D) the targeting of monetary aggregates, like the fed funds rate

Suppose Frank is completely indifferent between drinking Coke and drinking Pepsi. Then Frank's indifference curves for Coke and Pepsi would be:

A. linear. B. L-shaped. C. convex. D. positively-sloped.