A consumer cannot gain consumer's surplus if she purchases more than one unit of a good

Equity and efficiency can be achieved simultaneously through competition

Indicate whether the statement is true or false

If the Federal Reserve unexpectedly raised its interest rate target, which of the following would most likely occur?

a. The interest rate would increase and bond prices would rise. b. The interest rate would decrease and bond prices would rise. c. The interest rate would increase and bond prices would fall. d. The interest rate would decrease and bond prices would fall. e. The interest rate would increase but bond prices would not change.