The American colonies have a rich and deep history in international trade and immigration

As a monopolist increases the quantity of output it sells, the price consumers are willing to pay for the good

a. is unaffected. b. decreases. c. increases. d. There is not enough information given in answer the question.

Both the monetarist view of the economy and the simple quantity theory of money hold that velocity is constant

Indicate whether the statement is true or false