If V = 5, P = 100, and Q = 10, then M is:

If autonomous spending decreases, then

A) the expenditure multiplier means that equilibrium expenditure increases by a larger amount. B) the expenditure multiplier means that equilibrium expenditure increases by a smaller amount. C) equilibrium expenditure does not change. D) the expenditure multiplier means that equilibrium expenditure decreases by a larger amount. E) equilibrium expenditure decreases by the same amount.

A monopolistic competitor would face a demand curve with a

A) positive slope. B) negative slope. C) constant slope. D) slope equal to 0.