If economic recovery has already occurred by the time the effects of expansionary monetary policy are felt, it could cause an inflation problem rather than curing a recession problem

What matters to people is the real value of money or income

Indicate whether the statement is true or false

In monopolistic competition, each firm's marginal revenue curve lies ________ its demand curve because of ________

A) below; barriers to entry B) below; product differentiation C) above; barriers to entry D) above; product differentiation