Each of the following, except one, is a characteristic of a monopolistically competitive market. Which is the exception?

All else the same, when real GDP increases, the

A) supply of money decreases. B) demand for money increases. C) supply of money increases. D) demand for money decreases. E) supply of money does not change, and the demand for money does not change.

Both the long-run and the short-run Phillips curves shift if

A) the expected inflation rate changes. B) the expected unemployment rate changes. C) the natural unemployment rate changes. D) expected real GDP changes. E) the actual inflation rate changes.