Monopolistically competitive industries are characterized by no barriers to entry.
Answer the following statement true (T) or false (F)
True
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Present value determination is a procedure that
a. accounts for the opportunity cost of money b. adjusts for changes in the general price level c. discounts a present value into its future value d. compares the present value of benefits to the present value of costs
China has a trade deficit in services, while India has a trade surplus in services
Indicate whether the statement is true or false
The level of potential GDP does not change because the factors determining potential output are fixed in the short run
Indicate whether the statement is true or false
A decrease in the money supply shifts the aggregate __________ curve to the __________
A) demand; left B) demand; right C) supply; left D) supply; right