Demand-pull inflation has its most extreme effect on a nation's price level in the:
a. Keynesian range.
b. Twilight zone.
c. Intermediate range.
d. Classical range.
e. Somewhere over the rainbow.
.D
Economics
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If new firms enter a monopolistically competitive market structure in the long run, ________
A) the demand curves faced by the existing firms shift to the right B) the demand curves faced by the existing firms become perfectly inelastic C) the demand curves faced by the existing firms become more elastic D) the supply curves of the existing firms become relatively more elastic
Economics
Under the Bretton Woods system, international debts were settled in:
a. gold. b. U.S. dollars. c. British pounds. d. silver. e. German marks.
Economics