Saving to meet long-term objectives-such as retirement, college attendance, or to purchase a home,-is called ________ saving.

The Fed sells $300 million U.S. government securities to commercial banks. This action leads to ________ in Fed assets and ________ in Fed liabilities

A) a $300 million increase; a $300 million increase B) a $300 million increase; a $300 million decrease C) no change; no change D) a $300 million decrease; a $300 million decrease in E) a $300 million decrease; a $300 million increase

"When the cost of producing a unit of a good falls because the firm uses specialized resources to produce a range of goods and services" is the definition of

A) economies of scope. B) economies of scale. C) economic efficiency. D) technological efficiency.