_____ are changes in fiscal policy that stimulate aggregate demand when the economy goes into recession without policymakers having to take any deliberate action
Fill in the blank(s) with correct word
Automatic stabilizers
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What is the name of the monopolist having a declining long-run average cost throughout the market?
a. Monopolistic competition. b. Monopoly by legal barrier. c. Natural monopoly. d. Contrived monopoly.
M1 = 1,000 Small denomination time deposits = 1,500 Savings deposit = 1,800 Money market mutual funds = 300 Large denomination time deposits = 800 If M3 is 5,000, small denomination time deposits are 700, and large denomination time deposits are 900, how much is M2?
What will be an ideal response?
In both a monopolistically competitive market and a pure monopoly market, firms
A) can make long-run profits. B) set price greater than marginal cost. C) are protected by entry barriers. D) advertise extensively.
When there few close substitutes available for a good, demand tends to be
A) perfectly inelastic. B) perfectly elastic. C) relatively inelastic. D) relatively elastic.