A firm in monopolistic competition ________ influence its price and ________ influence the market average price
A) can; can
B) can; cannot
C) cannot; can
D) cannot; cannot
E) can; only in the short run can
B
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If Jennifer withdraws $750 from her checking account and holds it as currency, then M1 will ________ and M2 will ________
A) decrease; not change B) not change; increase C) decrease; decrease D) not change; not change
Which of the following countries is not a member of the European Union?
a. Switzerland b. Portugal c. Sweden d. Ireland
The wealth effect, the interest rate effect, and the foreign trade effect are three complementary explanations for the ______ of the aggregate demand curve.
a. leftward shift b. negative slope c. rightward shift d. positive slope
The largest category of federal spending is for:
A. health care. B. science, space, and technology. C. pensions and income security. D. national defense.