If the price level doubles, it will
A) increase potential GDP.
B) increase the quantity of money.
C) decrease the buying power of money.
D) decrease potential GDP.
E) have no effect on the buying power of money.
C
Economics
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In part, perfect competition arises if i. each firm's minimum efficient scale is large relative to demand. ii. each firm produces a good or service identical to those produced by its many competitors. iii. there are significant barriers to entry
A) i only B) ii only C) i and ii D) iii only E) ii and iii
Economics
The BRIC nations have one quarter of the world's GDP and more than 40 percent of its population
Indicate whether the statement is true or false
Economics