Phoebe and Rachel quit running in Central Park and join a health club to run on treadmills. This decision

The statement that "demand increases" means that there is a

A) movement to the right along a demand curve. B) movement to the left along a demand curve. C) rightward shift of the demand curve. D) leftward shift of the demand curve.

Suppose the Fed conducts an open market purchase. We can expect this transaction to

A) reduce the money supply, increase bond prices, and lower interest rates. B) increase the money supply, lower bond prices, and lower interest rates. C) increase the money supply, raise bond prices, and lower interest rates. D) reduce the money supply, reduce bond prices, and increase interest rates.