The slope of the budget line is the amount of one commodity that a consumer must give up in order to obtain an additional unit of the other commodity.

Answer the following statement true (T) or false (F)

True

Economics

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When the Fed buys government securities, banks' reserves ________, the quantity of money ________, and the federal funds rate ________

A) decrease; increases; falls B) increase; increases; falls C) increase; decreases; rises D) decrease; decreases; rises E) increase; increases; rises

Economics

Carefully define the two categories of saving in the economy

What will be an ideal response?

Economics