A credit card is
A) money.
B) barter money.
C) not money.
D) fiat money.
E) not money, but the card's credit line is money.
C
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Figure 9.1 shows three aggregate demand curves. A movement from point b to point c could be caused by a(n)
A) decrease in government spending. B) decrease in the price level. C) decrease in taxes. D) increase in the money supply.
Restricting imports tends to
A) shift the demand curve for the product to the left. B) shift the demand curve for the product to the right. C) change the shape of the supply curve. D) increase the quantity supplied of a product.
A group of buyers and sellers with the potential to trade with each other is known as a(n)
a. trading bloc b. cartel c. market d. industry e. sector
The greater the product differentiation between monopolistically competitive firms
A. the greater the price elasticity of demand. B. the higher the average variable costs. C. the lower the barriers to entry. D. the greater the price elasticity of supply.