Firms in monopolistically competitive markets can differentiate their products on the basis of:
a. geographical location.
b. service
c. credit terms.
d. all of the above.
d
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What's a normal good to me might be
A) a normal good to you. B) an inferior good to you. C) a bad to you. D) any of the above to you.
If the Fed were to lower the required reserve ratio,
A) excess reserves would decrease. B) excess reserves would increase. C) there would be no effect on the level of excess reserves. D) there would tend to be no effect on the nation's money supply.
The change in the level of planned spending that results from a change in the price level is indicated by the movement of the economy along a given
a. aggregate expenditure curve. b. aggregate demand curve. c. aggregate supply curve. d. both aggregate expenditure curve and aggregate demand curve.
The U.S. dollar has depreciated relative to the Japanese yen if it takes
A) fewer yen to buy a dollar. B) more yen to buy a dollar. C) more dollars to buy a yen. D) fewer dollars to buy a yen. E) a and c