A curve that depicts the relationship between price and quantity demanded is the:

Which of the following is correct?

a. The classical dichotomy separates real and nominal variables. b. Monetary neutrality is the proposition that changes in the money supply do not change real variables. c. When studying long-run changes in the economy, the neutrality of money offers a good description of how the world works. d. All of the above are correct.

The study of microeconomic theory focuses on

A. individual behavior in the economy B. Operation of the entire economy. C. Interaction of international trade and domestic production of goods and services. D. Role of the banking system in the economy.