The Federal Reserve helped J.P. Morgan purchased Bear Stearns by agreeing to purchase some unwanted Bear Stearns assets

If net taxes are included in the model, the equation that shows consumption at each level of income is: C = a + b(Y - T) or C = a + bY - bT

a. True b. False

In competitive markets where firms are observed to be exiting the market, the firms that remain will obtain economic profits in the long run

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