The Federal Reserve will engage in a matched sale-purchase transaction when it wants to ________ reserves ________ in the banking system

A nation's saving rate is not a primary determinant of its long-run economic prosperity

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

One consumption bundle is revealed preferred to a second bundle if:

A. a consumer voluntarily chooses it over the second bundle. B. surveys reveal that consumers are more likely to choose it than the second bundle. C. it is cheaper than the second bundle. D. it lies on a higher indifference curve than the second bundle.