Macroeconomics is the study of
A. output in particular industries.
B. how individuals make important decisions.
C. aggregate economic variables.
D. all of these.
Answer: C
Economics
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In a monopolistically competitive market with Dixit-Stiglitz preferences, the number of firms in the differentiated product market falls as goods in that market become less substitutable.
Answer the following statement true (T) or false (F)
Economics
Suppose that the quantity of cars supplied exceeds the quantity of cars demanded. We would expect that:
A. the price of cars will increase. B. the price of cars will decrease. C. the supply will increase (supply will shift to the right) to meet the demand. D. the demand will decrease (demand will shift to the left) to meet the supply.
Economics