According to the following graph, at what price of Y are Y2 units demanded? The consumer's income is $1,200.

When the Fed sells government securities to a bank, how are the Fed's assets affected?

A) The amount of the Fed's government securities decreases. B) The amount of the Fed's government securities increases. C) The amount of reserves held at the Fed increases. D) The amount of reserves held at the Fed decreases.

The slope of a nonlinear curve

A) is constant. B) is always negative. C) changes along the various points of the curve. D) is always equal to 1.