Most of world trade is in the form of manufactured consumer goods such as TVs, stereos, VCRs, and running shoes

The constant growth rate rule for money, as initially proposed by Milton Friedman, has been adjusted ________

A) to take the problem of moral hazard in account B) to account for the role played by adaptive expectations in policy formation C) for the difference between real and nominal economic variables D) to allow for possible short-run movements in velocity

If the price of film increases, the demand for film processing would decrease; moreover, the equilibrium price and quantity of film processing should also decrease

a. True b. False