If Mary prefers bananas to plums and plums to peaches, but is indifferent between bananas and oranges, she

Contractionary fiscal policy is used to decrease aggregate demand in an attempt to fight rising inflation

Indicate whether the statement is true or false

When the Fed buys government bonds on the open market from commercial banks, the

a. assets of these banks fall b. assets of the Fed falls c. assets of the banks rise d. liabilities of the bank rise e. liabilities of the bank fall