Money held for contingencies reflects the _______ demand for money.

The nation as a whole is better off from trade as long as the gains from the winners exceed the losses from the losers

Indicate whether the statement is true or false

When the Fed makes an open market ________, the target short-term nominal interest rate will increase, which will ________ GDP

A) purchase; increase B) purchase; decrease C) sale; increase D) sale; decrease