When Americans or foreigners expect the return on ________ assets to be high relative to the return on ________ assets, there is a ________ demand for dollar assets, everything else held constant

If the cross-elasticity of demand for bacon with respect to price of beefsteak is positive, then:

a. an increase in the price of beefsteak will shift the demand curve for bacon outward. b. a decrease in the price of beefsteak will shift the demand curve for beefsteak outward. c. an increase in the price of bacon will shift the demand curve for beefsteak inward. d. a decrease in the price of bacon will shift the demand curve for beefsteak outward.

The Fed came about in 1913 due to Congress's desire to have a centralized bank with national control of banking

Indicate whether the statement is true or false