A change in the aggregate price level moves the economy along a given aggregate supply curve

If the amount of high-powered money were 100 and the bank reserve holding ratio was 0.25 then the maximum stock of money would be (assume that citizens prefer to keep 10% of their money)

A) 100/0.25 which is 400. B) (100 )(1.35 ) which is 540 0.25. C) (100 )(1.1 ) which is approximately 314 0.35. D) (100 )(1.35 ) which is approximately 386 0.35.

A jar has 20 red jelly beans and 40 black jelly beans. If you pick a red jelly bean and put it back, what are the odds of picking a black jelly bean next?

A) 20/40 B) 20/60 C) 40/60 D) 1 (100%)