Household production still exists because it often requires fewer specialized resources than market production does

The effects of financial deregulation on the IS and LM curves ________ the volatility of interest rates as the curves shift, such as the change in the amount that the interest rate must ________ when the Fed conducts open market purchases

A) decrease, rise B) decrease, fall C) increase, rise D) increase, fall

If autonomous consumption is greater than zero and the marginal propensity to consume is greater than zero, but less than one, the consumption function will first be above and then below the 45 degree line

a. True b. False Indicate whether the statement is true or false