Household production increases when there is a stronger desire to avoid taxation

When the Fed sells a government security to the public, how does it usually receive payment for the security?

A. By accepting checks on bank accounts B. By drawing money out of circulation C. By decreasing member bank profits not distributed by the Fed D. By decreasing reserves in bank accounts at the Fed

U.S. Gross National Product includes goods produced by:

A. foreign firms on foreign soil. B. foreign firms on U.S. soil. C. U.S. firms on foreign soil. D. None of these statements is true.