Which of the following policy action by the Fed is likely to cause the money supply to increase?

Friedman measured "permanent" income by assuming that people adjusted their consumption on the basis of

A) an "error learning" process with respect to their expected income. B) an adaptive expectation formation of their expected income. C) transitory income and the level of income expected over a period of years in the future. D) All of the above.

Unintended births do not seem to be greater at lower income levels

Indicate whether the statement is true or false