When price falls, demand rises
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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In a recession, an appropriate fiscal policy choice would be to
a. increase govt spending and decrease taxes b. increase govt spending and increase the federal funds rate c. increase taxes and decrease M1 d. increase govt spending and decrease taxes
Economics
In monopolistically competitive industries
A) non-price competition through product differentiation is actively pursued by firms. B) product variety is the same as in perfectly competitive industries. C) firms do not respond to changes in consumer demand. D) firms' economic profits are protected by barriers to entry.
Economics