Lower real income ________ the demand for money and a lower price level ________ the demand for money.

Because knowledge capital is nonexcludable and nonrival, firms have an incentive to ________ the research and development of other firms

A) free ride on B) ignore C) not use D) make bids on

An economy eliminates a recessionary gap by reducing wages and prices.

Answer the following statement true (T) or false (F)