The market for oil-change can be described as a market in which monopolistic competition prevails. This means that collusion among garages that change oil is ____________ and firms engage in _________ behavior.

How does an increase in government purchases financed by an increase in the deficit affect exchange rates? Support your answer with graphs of the loanable funds market and the foreign exchange market

What will be an ideal response?

The present value of a fixed-payment loan is calculated as the ________ of the present value of all cash flow payments

A) sum B) difference C) multiple D) log