Assume that velocity is constant in the long run. Which of the following equations correctly describes the quantity equation in terms of percentage rate of change

The money supply and money demand curves are _____ and ______ respectively. a. Vertical; downward sloping

b. Upward sloping; vertical c. Upward sloping, downward sloping d. None of the above

The definition of monopolistic competition differs from that of perfect competition

A. with respect to the number of firms in the industry. B. with respect to the type of product. C. in both the number of firms and the type of product. D. in neither the number of firms nor the type of product.