The basic attribute of monopolistic competition that is a strong counterforce to the "McDonaldization of America" as espoused by Karal Ann Marling is ______________________.
Fill in the blank(s) with the appropriate word(s).
product differentiation
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The difference between a stock and a flow is
A) a stock is something measured at one point in time while a flow is something that is expressed per unit of time. B) a stock is something measured at one point in time while a flow is something that is fixed. C) a stock is expressed per unit of time while a flow is measured at one point in time. D) a stock refers to the solid inventory firms have on hand while a flow refers to the liquid inventory firms have on hand.
When prisoners' dilemma games are repeated over and over, sometimes the threat of penalty causes both parties to cooperate
a. True b. False Indicate whether the statement is true or false
Members of the Board of Governors of the Federal Reserve are appointed by the President and approved by the Senate to serve a 14-year term
Indicate whether the statement is true or false
Assume a fixed demand for money curve and the Fed increases the money supply. The result is a temporary:
A. excess quantity of money demanded. B. excess quantity of money supplied. C. new equilibrium interest rate. D. decrease in the demand for loans.