When the Fed issues currency
A. this increases our money supply only if it replaces old, worn-out currency.
B. this increases our money supply only if it is used to accommodate the public's desire to hold more currency.
C. this increases our money supply either if it replaces old, worn currency, or if it is used to accommodate the public's desire to hold more currency.
D. this does not increase our money supply.
D. this does not increase our money supply.
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Which of the following is a difference between an oligopoly with differentiated products and a monopolistic competition?
A) There are no barriers to entry in an oligopoly with differentiated products, while there are huge barriers to entry in a monopolistic competition. B) There are huge barriers to entry in an oligopoly with differentiated products, while there are minimal barriers to entry in a monopolistically competitive market. C) Firms in an oligopoly market with differentiated products charge a price higher than marginal cost in the long run, while firms in a monopolistic competition charge a price lower than marginal cost in the long run. D) Firms in an oligopoly with differentiated products charge a price lower than average total cost in the long run, while firms in a monopolistic competition earn a price higher than average total cost in the long run.
Briefly explain how growth in real GDP differs across economies including the United States, Japan, Africa, Central America, Hong Kong, Korea, and Singapore
What will be an ideal response?