An increase in the money stock has no effect on equilibrium income whenever the

The real value of money

A) matters less to people than its nominal value. B) is the same as its nominal value. C) is another word for the face value. D) reflects the purchasing power of money.

Suppose one firm accounts for 55 percent of the global market share for a product, while 147 other firms account for the remaining 45 percent of the market

With such a large number of buyers and sellers, is this market likely to be competitive? Explain your answer.