Based on the demand curves for perfectly competitive firms and monopolists, the loss in revenue due to price effect applies to ______.

GDP handles household production by

A) estimating a dollar value of the goods purchased to do housework. B) ignoring it. C) including it in real GDP but not in nominal GDP because there are no prices paid for the work. D) estimating a dollar value of the services provided. E) including it in exactly the same way that all other production is included.

Reserve requirements is the rate the Fed charges when it lends money to banks

Indicate whether the statement is true or false