If the demand function for orange juice is expressed as Q = 2000 - 500p, where Q is quantity in gallons and p is price per gallon measured in dollars, then the demand for orange juice has a unitary elasticity when price equals

The data in the above table indicate that when the price level is 100

A) inventories fall and the price level rises. B) the economy is in a long-run macroeconomic equilibrium. C) inventories rise and the price level falls. D) the unemployment rate is at its equilibrium level.

Speculation would involve using forward contracts and options to reduce the exchange rate risk on future foreign exchange transactions

Indicate whether the statement is true or false