Profit maximizing firms in competitive industries with free entry and exit face a price equal to the lowest possible

According to the traditional interest-rate channel, expansionary monetary policy lowers the real interest rate, thereby raising expenditure on

A) business fixed investment. B) government expenditure. C) consumer nondurables. D) net exports.

Affirmative action laws require employers to search for qualified minority applicants, but not to necessarily give them jobs

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