If your income increases from $10,000 per year to $14,000 per year and your tax payment increases from $2,000 to $2,840, the marginal tax rate

When the Fed sells government securities, banks' reserves ________, the quantity of money ________, and the federal funds rate ________

A) decrease; decreases; falls B) decrease; increases; falls C) increase; increases; falls D) increase; decreases; rises E) decrease; decreases; rises

In the classical model, when an open economy has balanced trade, Say's law does not hold

a. True b. False