________ are the things that are used to produce items that satisfy people's wants
A) Concepts
B) Production possibilities curves
C) Resources
D) Costs
C
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Monopolistically competitive firms have an incentive to:
A. engage in tactics for bringing in more customers. B. advertise. C. engage in brand promotion. D. All of these statements are true.
"Other things equal, when the price of a good rises, the quantity demanded of the good falls, and when the price falls, the quantity demanded rises.". This relationship between price and quantity demanded
a. applies to most goods in the economy. b. is represented by a downward-sloping demand curve. c. is referred to as the law of demand. d. All of the above are correct.
Which of the following is a monetary policy target used by the Fed?
A. Budget deficit B. Interest rate C. Growth rate of GDP
The M1 measure of the money supply equals
A) paper money plus coins in circulation. B) currency plus checking account balances. C) currency plus checking account balances plus traveler's checks. D) currency plus checking account balances plus traveler's checks plus savings account balances.