If the economy is on the LM curve, but is to the right of the IS curve, aggregate output will ________ and the interest rate will ________

If Bob's business earned a $500,000 accounting profit, but had $1,000,000 in implicit costs, it would earn an economic profit

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

Marc puts prices on surfboards and skateboards at his sporting goods store. He is using money as a unit of account

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