The following table represents the balance sheet for A & B Bank. Suppose that due to a decline in the stock market the bank's securities are now worth $400. What will the bank's new leverage ratio (ratio of total assets to owners' equity) be after this decline in asset value?

Asset Name	Asset Value	Liabilities and Owner Equity Name	Liabilities and Owner Equity Value
Reserves	$900	Deposits	$1500
Loans	$1200	Debt	$500
Securities	$500	Capital (Owners' Equity)	$600

Question 9 options:

	a. 3
	b. 4.33
	c. 0.8
	d. 5

Which of the following would shift both the short-run and long-run aggregate supply to the left?

Question 26 options:

	a decrease in the actual price level
	an improvement in the average level of worker education
	a natural disaster that destroys a significant part of the capital stock
	a decrease in the expected price level

This question uses approximate data from 2020. Over the year real GDP declined by about 3 percent, the inflation rate was about 1 percent, and the money supply increased by about 25 percent. What does this tell us about the velocity of money and the quantity equation (MV = PY) over the year 2020.

Question 29 options:

	That velocity was constant.
	That the quantity equation is not correct.
	That velocity must have decreased by a substantial amount.
	That velocity must have increased by a substantial amount.