If a good is price elastic, an increase in price will increase total revenues

According to the interest-rate-based monetary policy transmission mechanism, a decrease in the money supply will

A) lead to an increase in investment spending and a decrease in real GDP which is greater than the increase in investment spending. B) lead to a decrease in investment spending and an increase in real GDP that is equal to the decrease in investment spending. C) lead to a decrease in investment spending and a decrease in real GDP which is greater than the decrease in investment spending. D) lead to an increase in investment spending and a decrease in real GDP that is equal to the increase in investment spending.

The prices of telecommunications services have decreased due to productivity increases

a. True b. False Indicate whether the statement is true or false