The transmission mechanism is the effect of changes in monetary policy on prices, real GDP, and employment

For a natural monopoly, economies of scale

A) exist along the long-run average cost curve at least until it crosses the market demand curve. B) and diseconomies of scale exist along the long-run average cost curve at least until it crosses the market demand curve. C) lead to a legal barrier to entry. D) as well as constant returns to scale and diseconomies of scale exist along the long-run average cost curve at least until it crosses the market demand curve. E) are totally absent.

An increase in demand for housing will reduce the availability of land for cultivation

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