In the monetary small open-economy model with a flexible exchange rate, an increase in the domestic price level has which impact on domestic money demand?

If a country runs a deficit in its current account, it is because

a. exports exceed imports b. imports exceed exports c. net unilateral transfers are negative d. foreign currency received from exports and transfers exceeds the foreign exchange needed to pay for imports and to make unilateral transfers e. foreign currency received from exports and transfers is less than the foreign exchange needed to pay for imports and to make unilateral transfers

Many regulated industries are not pure monopolies

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