A monopolistically competitive firm ________

A) can increase price without losing all of its business
B) loses all of its business if it increases price slightly
C) faces a perfectly elastic demand curve
D) faces a perfectly inelastic demand curve

A

Economics

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It is possible that when the money supply rises, interest rates may ________ if the ________ effect is more than offset by changes in income, the price level, and expected inflation

A) fall; liquidity B) fall; risk C) rise; liquidity D) rise; risk

Economics

Describe the size of government employment as a percentage of the labor force. What are three major types of government employment at the state and local levels and at the Federal level?

What will be an ideal response?

Economics