In the model of monopolistic competition, trade costs between countries will cause domestic and foreign markets to have ________ prices, ________ quantities sold, and ________ profit levels

According to the long-run Phillips curve, which of the following will be the end result of an expansionary monetary policy when unemployment is at its natural rate?

a. Zero inflation b. Deflation c. A constant level of potential real GDP d. A decrease in unemployment e. An increase in unemployment

A bank temporarily short of required reserves may be able to remedy this situation by:

A. borrowing funds in the federal funds market. B. granting new loans. C. shifting some of its vault cash to its reserve account at the Federal Reserve. D. buying bonds from the public.