Extreme monetarists assert that changes in the money supply
A. Affect prices and the unemployment rate.
B. Can affect only real GDP.
C. Can affect only the price level.
D. Affect prices and real GDP.
Answer: C
Economics
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If Pepsi goes on sale and decreases its price by 10 percent, and as a result, the quantity demanded of Coca Cola decreases by 5 percent, then Pepsi and Coke are ________ goods
A) inferior B) normal C) substitute D) complementary E) unrelated
Economics
Why is oligopoly likely to be present in industries that see significant positive network effects?
What will be an ideal response?
Economics