Contractionary monetary policy, achieved by selling bonds in the open market, tends to discourage investment.

Consider a firm operating with the following: price = 10; MR = 10; MC = 10; ATC = 10 . This firm is:

a. making an economic profit of 10. b. an example of monopolistic competition. c. going to go out of business in the long run. d. a monopolist for a product with a relatively inelastic demand. e. perfectly competitive in long-run equilibrium.

As population of a region increases, the consumer's demand curve for a product will shift

Indicate whether the statement is true or false