A monopolistic competitor's demand curve is

a. perfectly elastic
b. less elastic than a monopolist's or oligopolist's but more elastic than a perfect competitor's
c. as elastic as an oligopolist's
d. more elastic than a monopolist's or oligopolist's but less elastic than a perfect competitor's
e. perfectly inelastic

D

Economics

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According to classical macroeconomic theory, changes in the money supply change nominal but not real variables

a. True b. False Indicate whether the statement is true or false

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