If the firm threatens a lockout (and the threat is credible), what is the union's best response?

In the Classical model, a decrease in the money supply __________ the real GDP and __________ the price level

A) leaves unchanged; leaves unchanged B) leaves unchanged; lowers C) lowers; lowers D) lowers; leaves unchanged

Firms in a monopolistically competitive market follow the same MR = MC profit maximization rule used by firms in other market structures

a. True b. False