Supply refers to the position of the supply curve, whereas the quantity supplied refers to the amount suppliers wish to sell

An open market sale of securities by the Fed

A) decreases banks' reserves and increases banks' securities. B) increases banks' reserves and decreases banks' securities. C) increases banks' total assets. D) involves a bank selling government securities to the Fed.

Under monopolistic competition, profits cannot persist because new firms will be attracted to the market

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