In which of the following market structures do you find only one seller?
A. a monopoly
B. an oligopoly
C. a monopolistic competition
D. a perfectly competitive market
Answer: A
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According to the classical model, investment
A) is a function of the nominal GDP. B) is inversely related to the interest rate. C) is a function of real GDP. D) is influenced by the money illusion at low income levels.
What, if any, is the impact of the CPI bias on government spending?
What will be an ideal response?
Based on the table, the increase in government purchases changes aggregate demand ______.
a. less than the combined changes in consumption purchases
b. more than the combined changes in consumption purchases
c. the same amount as the combined changes in consumption purchases
d. the same amount as the first individual round of consumption purchases
Deflation is defined as
A. a decrease in the inflation rate. B. a fall in the average price level. C. a period during which the average price level is low. D. a low rate of change in average prices.