If we are in a horizontal region of the money demand curve, expansionary monetary policy has __________ effect on output and expansionary fiscal policy has __________ effect on output

In the above figure, the economy is initially at point B. Then the price level falls by 10. The wealth effect will help

A) move the economy to point A. B) move the economy to point C. C) move the economy to point D. D) keep the economy to point B.

Which of the following is an example of implicit collusion?

A) price leadership B) a retaliation strategy C) a second-price auction D) product differentiation