List five goods that are likely sold in a monopolistically competitive market

The Fed can attempt to decrease the federal funds rate by

A) lowering the reserve requirement, which increases the money supply. B) lowering the reserve requirement, which decreases the money supply. C) raising the reserve requirement, which increases the money supply. D) raising the reserve requirement, which decreases the money supply.

A decrease in the price level makes consumers feel wealthier, so they purchase more. This logic helps explain why the aggregate demand curve slopes downward

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