The price level is determined by the supply of, and demand for, money

If the price level in Japan increases more rapidly than the price level in Britain, we would expect

A) interest rates in Japan to lower than interest rates in Britain. B) the Japanese yen to depreciate against the British pound. C) the British pound to depreciate against the Japanese yen. D) Japanese productivity to have increased more rapidly than British productivity.

A perfectly competitive firm that earns a normal profit in the long run actually earns zero economic profit

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