In the above figure, the economy is initially at point B. If the government decreases transfer payments, there is

When the Federal Reserve raises the federal funds rate, the quantity of reserves ________, the quantity of money ________, and the quantity of loans ________

A) increases; increases; increases B) decreases; decreases; decreases C) increases; increases; decreases D) decreases; decreases; does not change E) decreases; does not change; does not change

Total consumer surplus is measured by the total area under the market demand curve and below the equilibrium price

a. True b. False Indicate whether the statement is true or false