Suppose the demand for lawnmowers goes down when the price of gasoline goes up. We can say that these two goods are

A good with a perfectly inelastic supply has a price elasticity of supply:

A) equal to zero. B) between zero and one. C) equal to one. D) greater than one.

Open market purchases ________ reserves and the monetary base thereby ________ the money supply

A) raise; lowering B) raise; raising C) lower; lowering D) lower; raising