.In the aggregate demand-aggregate supply model, the short-run effects of an unanticipated decrease in the money supply will be
What will be an ideal response?
higher real interest rates and a reduction in aggregate demand.
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Which of these is a key difference between a perfectly competitive firm and a monopolistically competitive firm?
a. A monopolistically competitive firm faces a downward-sloping demand curve, while a perfectly competitive producer faces an upward-sloping demand curve. b. A monopolistically competitive firm has no control over the market price, while a perfectly competitive firm has some control over the market price. c. A monopolistically competitive firm faces a horizontal demand curve, while a perfectly competitive producer faces a downward-sloping demand curve. d. A monopolistically competitive firm has some control over the market price, while a perfectly competitive firm has no control over the market price.
An addition of a complementary resource would ______ the marginal revenue product of any given resource.
A. raise B. lower C. have no effect upon
The attempt by Al-Qaeda terrorists to board a train between Belgium and France with machine guns was an example of the "rational terrorist's"
A. marginalist technique. B. diversion technique. C. compression effect. D. substitution effect.
If the income elasticity for a particular good is negative, then:
A. as income increases, consumers will tend to purchase more of the good. B. the good is a luxury good. C. the good is a normal good. D. as income increases, consumers will tend to purchase less of the good.