Economists refer to land, labor, and capital as the factors of production. Land in this context refers to natural resources. Given this definition, which is not land?

Consumers don't always have to pay the maximum price they are willing to pay

Indicate whether the statement is true or false

A(n) __________ in consumer spending will __________ the demand for reserves, resulting in a __________ federal funds rate

A) increase; raise; lower B) increase; raise; higher C) decrease; raise; higher D) decrease; lower; higher