Refer to the graph shown.Assuming a consumer has $5 to spend, if a soda costs $0.50 and a chocolate bar costs $0.50, the consumer will optimally choose to consume:

Corporate profits are taxed by state and local governments, but not by the federal government

Indicate whether the statement is true or false

Lowering the discount rate has the effect of ________.

A. forcing commercial banks to call in outstanding loans from their best customers B. turning required reserves into excess reserves C. turning excess reserves into required reserves D. making it less expensive for commercial banks to borrow from central banks