Refer to the above figure. Which panels represent long run equilibrium for the perfectly competitive firm and monopolistic competitive firm, respectively?

When the Fed ________, the U.S. foreign exchange rate falls

A) increases the size of the multiplier B) raises the interest rate C) raises taxes on interest income D) buys government securities E) sells government securities

What is the difference between an intermediate good and a final good?

a. Final goods are adjusted for depreciation, intermediate goods are not. b. Final goods are adjusted for changes in the value of the dollar, intermediate goods are not. c. In GDP calculations, final goods are counted as consumption spending, intermediate goods are counted as private investment spending. d. There is no meaningful difference between them. e. Final goods are finished and ready for sale; intermediate goods require further processing.