In the table above, what does the private sector surplus equal?

In the long run, the nominal exchange rate

A) is a monetary phenomenon, determined by the quantities of money in two countries. B) is not related to the real exchange rate, since the real exchange rate is the true value of currencies. C) will not change if prices in one country change, since prices are nominal variables. D) is fixed by world central banks, as indicated by the fixed exchange rate system.

Double marginalization (first encountered in Chapter 4) complicates access pricing in telecommunications

Indicate whether the statement is true or false