Relative to standard competitive trade, trade based on monopolistic competition has ________ impact on relative factor incomes.

High inflation

A) makes money function less well as a store of value. B) lowers the price level. C) leads to a more correct allocation of resources. D) decreases uncertainty. E) makes it easier to use money as a standard of account.

The expenditure approach to measuring GDP includes firms' spending on wages

Indicate whether the statement is true or false