If Steve's Apple Orchard, Inc. is a perfectly competitive firm, the demand for Steve's apples has

M2 does not include

A) Treasury bonds. B) passbook savings accounts. C) small-denomination time deposits. D) M1.

Assume the economy is operating at less than full employment. An expansionary monetary policy will cause interest rates to ________, which will ___________ investment spending

A. decrease; decrease B. decrease; increase C. increase; increase D. increase; decrease