If I worry that if I cut my price, you will cut yours, then I am acting as if we are interdependent

For this question, assume that individuals do not hold currency (i.e., c = 0). The money multiplier is equal to

A) 1. B) 1/(1 - c). C) ?. D) 1/(1- ?). E) none of the above

Economics is the study of choices we make among our many wants and desires

a. True b. False Indicate whether the statement is true or false