The United States had the largest real GDP per person until the 2012 when the China's real GDP per person overtook and then exceeded that in the United States

A monopolistic competitor has fixed costs of $100 and marginal costs of $10 per unit. What is its marginal revenue at its equilibrium price and quantity?

a. $10 b. $11 c. $1,100 d. $2,000

If a bank borrows $1,000 from the Fed and lends it out, the bank sets in motion a process that will result in an expansion of the money supply by a multiple of that $1,000

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