Which of the following is a term that is sometimes used to describe markets with low entry barriers and firms that are price searchers?
a. pure competition
b. monopoly
c. monopolistic competition
d. oligopoly
C
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When the nominal interest rate increases, the
A) demand for money increases and the demand for money curve shifts rightward. B) demand for money decreases and the demand for money curve shifts leftward. C) quantity of money demanded increases and there is a movement upward along the demand for money curve. D) supply of money curve shifts rightward. E) quantity of money demanded decreases and there is a movement upward along the demand for money curve.
Huge increases in government spending and record low levels of unemployment during the Vietnam War era in the late 1960s led policy makers to fear that
A) the economy was slipping into a recession, which would increase unemployment. B) the economy was growing too fast, which would increase unemployment. C) the economy was slipping into a recession, which would increase inflation. D) the economy was growing too fast, which would increase inflation.
A decrease in taxes should be applied in a situation with
A) a recessionary ga
Laws that require children to be inoculated against certain diseases before they enter kindergarten are examples of the command approach
a. True b. False Indicate whether the statement is true or false