If the MPC in an economy is 0.8, government could close a recessionary expenditure gap of $100 billion by cutting taxes by

If the number of firms producing electric cars increases and consumer preference for electric cars increases, the equilibrium quantity of electric cars will definitely increase

Indicate whether the statement is true or false

A monopolistically competitive firm cannot earn an economic profit in the long run

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