Which of the following is characteristic of a monopolistically competitive firm?
A. The firm faces an upward-sloping demand curve.
B. The firm faces an inelastic demand curve.
C. The firm faces a horizontal demand curve.
D. The firm produces a differentiated product.
Answer: D
Economics
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In the short run, an increase in the money stock growth rate
a. moves the economy up the short-run Phillips curve. b. moves the economy down the short-run Phillips curve. c. shifts the short-run Phillips curve to the right. d. results in a decline in the natural rate of unemployment and a rise in the inflation rate. e. both b and d are correct.
Economics
The rights to own private property and to exchange goods with minimal government interference is
A) capital freedom. B) population freedom. C) economic freedom. D) political freedom.
Economics