WARNING: I do sometimes make mistakes typing. You are responsible for the correct answer, regardless of my lack of typing ability....


1. REAGAN
2. LAFFER
3. C
4. B
5. A
6. D
7. T
8. PRODUCTIVITY
9. VOODOO
10. T
11. C
12. MENU COSTS
13. B
14.B
15. B
16. C
17. T
18. C
19. B
20. B
21. T
22. T
23. F
24. LIQUID
25. T
26. C
27. F
28. B
29. B
30. CURRENCY, DEMAND DEPOSITS
31. B
32. B
33. A
34. B
35. 12
36. $11,000
37. $2,000
38. $5,000
39. $20,000
40. T
41. T
42. T
43. T
44. T
45. T
46. ANSWER DEPENDS ON YOUR THEORY!
47. LEVERAGE! EXPLAIN IT! BANK RUNS! EXPLAIN IT!
REMEMBER: YOUR ANSWERS TO THE ESSAY QUESTIONS NEED TO BE NICE SENTENCES! VERBS! NOUNS! ADJECTIVES!