Refer to the diagram for a noncollusive oligopolist. We assume that the firm is initially in equilibrium at point E, where the equilibrium price and quantity are P and Q. If the firm's rivals will ignore any price increase but match any price reduction, the firm's marginal revenue curve will be (moving from left to right):

Discretionary fiscal policy to stimulate the economy includes ________

A. lowering the tax rate paid by households with middle incomes B. raising the tax on gasoline C. the fall in tax revenue as the economy goes into recession D. the rise in tax revenue collected from businesses as their profits in-crease

Commodity money cannot be used as a unit of account

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