Replacing the simple Keynesian consumption function with the function based on the permanent-income hypothesis results in a ________ short-run multiplier, implying a ________ stable private economy

If the Fed sells U.S. government securities, the

A) money supply decreases, and the money supply curve shifts to the right. B) money supply decreases, and the money supply curve shifts to the left. C) money supply increases, and the money supply curve shifts to the left. D) money supply increases, and the money supply curve shifts to the right.

"Crowding out" investment in supply side economics refers to a situation in which groups of investors compete with each other, thereby driving up interest rates

Indicate whether the statement is true or false