All of the following, except one, are characteristics of monopolistic competition. Which is the exception?
a. There is a large number of sellers.
b. Each seller faces a horizontal demand curve for its product.
c. There are no significant barriers to entry or exit.
d. Sellers produce differentiated products.
e. There is a large number of buyers.
B
Economics
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Monetary policy directed at expanding GDP growth would include the following?
A. Selling bonds and increasing the discount rate B. Buying bonds and increasing the discount rate C. Decreasing the discount rate and increasing the reserve requirement D. Decreasing the discount rate and buying bonds
Economics
Fiat money refers to a monetary system in which gold backs up paper money
Indicate whether the statement is true or false
Economics