The money supply and money demand curves are _____ and ______ respectively.
a. Vertical; downward sloping

If the current account is in deficit, imports of goods and services exceed exports of goods and services (plus net unilateral transfers)

a. True b. False

In the short run, if a firm's total variable cost curve lies above its total revenue curve at all possible output levels, the firm's minimum short-run loss

a. equals its total fixed cost b. equals zero c. occurs at the maximum point of the total revenue curve d. occurs at the maximum point of its marginal revenue curve e. occurs at the minimum point of its marginal cost curve