A firm in monopolistic competition has ________ demand curve
A) a downward-sloping
B) an upward-sloping
C) a vertical
D) a horizontal
E) a U-shaped
A
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Name two actions a government could take if it wants to implement a contractionary fiscal policy
What will be an ideal response?
The quantity demanded of an input normally rises as its price rises.
Answer the following statement true (T) or false (F)
The technique that addresses the problem of assigning inputs to specific industries is
a. known as laissez faire. b. input-output analysis. c. cost-benefit analysis. d. a production possibilities frontier.
If Gerry saves $500 per month, then Gerry's ________ will increase by ________.
A. income; $500 only if he buys additional assets B. wealth; $500 only if he has no debt C. wealth; $500 only if he buys additional assets D. wealth; $500