Julio makes wine and beer. Last year he made 20 bottles of wine and 20 cases of beer. If the price of grapes goes down (making wine cheaper to make), Julio will be able to make the same amount of wine and more beer

A period in which real GDP in the economy declines for at least six months is referred to as

A) a recession. B) living standards. C) long term growth. D) a positive fluctuation.

A monopolistically competitive firm can convince buyers that its product has value by differentiating its product to suit consumers' preferences

Indicate whether the statement is true or false