Economists refer to the series of induced increases in consumption spending that result from an initial increase in autonomous expenditures as the ________ effect

Refer to the above table. Suppose the transactions in the table are added to a balance of payments account that is already in balance. What will have to take place to keep the balance of payments in balance?

A) Nothing will have to be done as the accounts are in balance. B) Nothing will have to be done as the accounts are in equilibrium. C) The U.S. government will have to make official reserve transactions equal to $10,000. D) Foreign governments will have to make official reserve transactions equal to -$10,000.

When firms enter a monopolistically competitive market: a. product variety diminishes

b. the demand curves of established firms shift to the right. c. prices fall. d. profits increase.