The profit of a perfectly competitive firm is maximized at a level of output where its marginal cost is rising

Federal land policy of the United States was much less generous toward squatters than some of the colonial government's land policies before Independence

Indicate whether the statement is true or false

If many people were to suddenly deposit into their checking accounts large sums of cash previously held in their homes and/or wallets, and there were no offsetting actions by the Fed or change in institutional policies, this would

a. decrease the M1 money supply but increase the M2 money supply. b. increase the excess reserves of banks and expand the money supply if these reserves are used to make additional loans. c. reduce the excess reserves of banks and indirectly decrease the M1 money supply. d. reduce the excess reserves of banks and indirectly increase the M1 money supply.