Which will be TRUE for a monopolistic competitor experiencing short-run losses?

If the supply curve of labor facing a firm is upward sloping, this implies that

a. the firm is unable to hire additional workers b. to hire additional workers, the firm must increase the wage rate c. any number of workers can be hired at a fixed wage d. additional workers can be hired at lower wage rates e. the demand curve for the firm's good must be horizontal

The official definition of the money supply that includes coins, paper money, travelers' checks, conventional checking accounts, and other checkable deposits at banks and savings institutions is called ____

a. M1 b. M2 c. M3 d. L