Suppose the U.S. dollar depreciates, and there is no change in monetary policy. Which of the following is a correct description of the short-run consequences?
A) output, inflation, and the real interest rate have all increased
B) output, inflation, and the real interest rate have returned to their original values
C) output and inflation are higher, while the real interest rate has fallen
D) output and inflation have returned to their original values, while the real interest rate is increased
A
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Fill in the blank(s) with the appropriate word(s).
The women's dress industry is monopolistically competitive because each firm has
A) a large market share. B) a very small market share. C) no market share. D) no competition for their market share. E) struck a deal with the many other firms about what price will be charged.