Which of the following is true of long-run equilibrium price in a monopolistically competitive market?
A) It is equal to average total cost.
B) It is less than average total cost.
C) It is higher than average total cost.
D) It is lower than marginal cost.
A
Economics
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________ monetary policy causes the real interest rate to ________
A) Expansionary; remain unchanged B) Contractionary; remain unchanged C) Expansionary; rise D) Contractionary; rise
Economics
The Fed's goal of interest rate stability
A) was formally abandoned in 1998. B) is motivated by political pressure as well as by a desire for a stable saving and investment environment. C) is undermined by actions the Fed takes to further its goal of stability in financial markets and institutions. D) is undermined by actions the Fed takes to further its goal of price stability.
Economics