Which statement is true?
A. There are many firms in a monopolistically competitive industry.
B. Monopolistic competitors produce an identical product.
C. In order for product differentiation to take place, there must be clear physical differences among the products sold.
D. None of these statements are true.
A. There are many firms in a monopolistically competitive industry.
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Economic time series are outcomes of random variables.
Answer the following statement true (T) or false (F)
The number unemployed divided by the labor force is the
A. per-capita employment rate. B. civilian population. C. discouraged worker total. D. unemployment rate.
The aggregate demand curve shows the:
A. Inverse relationship between the price level and the quantity of real GDP purchased B. Direct relationship between the price level and the quantity of real GDP produced C. Inverse relationship between interest rates and the quantity of real GDP produced D. Direct relationship between real-balances and the quantity of real GDP purchased
Give two disadvantages of using an expenditure-based fiscal policy over a taxation-based fiscal policy
What will be an ideal response?