As wealth decreases, which of the following is likely to account for a smaller fraction of a saver's portfolio?

All other thing unchanged, when the Fed sells government bonds, it aims to shift the aggregate demand curve to the right.

a. true b. false

In Figure 5.8, if the supply curve moves from S1 to S3,

A. the firm will go from making an economic profit to a loss. B. the firm will make a smaller economic profit than they used to. C. the firm will go from making normal profits to a loss. D. the firm will go from making an economic profit to a normal profit.