When one person enjoys the benefit of a tornado siren, she reduces the benefit to others

The money multiplier is the

A) fraction of the monetary base that is kept in currency. B) number of times that the Fed conducts open market operations in a month. C) factor by which a change in the monetary base is multiplied to give the change in the quantity of money. D) factor by which a change in the deposits base is multiplied to give the change in the monetary base. E) proportion by which a change in the quantity of money changes the monetary base.

As the purchasing power of wealth increases, saving decreases

Indicate whether the statement is true or false