Featherbedding ultimately results in greater worker efficiency and therefore greater productivity and higher wages

When the Fed conducts an open market sale, it leads to a higher level of investment and output in the economy

Indicate whether the statement is true or false

Which of the following describes a corporate merger?

a. When two firms join to form a new firm b. When one firm buys another firm c. When a firm splits to form two new firms d. When a firm sells part of itself to another firm