Under monopolistic competition ________
A) many goods and services are not standardized
B) prices adjust slowly to equilibrium
C) even if there is substantial competition in the market, some firms can set prices
D) all of the above
E) none of the above
D
Economics
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Labor productivity is computed as
A) real GDP divided by population. B) real GDP divided by the number of workers. C) per capita real GDP divided by the number of workers. D) per capita real GDP divided by population.
Economics
A decrease in the money supply will immediately __________ the __________ interest rate, according to the "liquidity effect."
A) raise; natural B) raise; nominal C) lower; natural D) lower; nominal
Economics