In the quantity equation framework for understanding the determinants of long-run inflation, a depreciation of the exchange rate ________ velocity, putting ________ pressure on inflation

Keynesians believe that

A) the link between money and aggregate demand is very strong. B) interest rates will immediately respond to a change in investments. C) fluctuations in the price level are a source of stability. D) the interest rate will not necessarily respond to a drop in investments.

These are characteristics of a competitive industry, except:

a. Many substitutes b. No barriers to entry c. Homogenous product d. Little or no information on rivals' products