The model of monopolistic competition differs from the model of perfect competition in which of the following assumptions?

The number by which a change in the monetary base is multiplied to find the resulting change in the quantity of money is called the

A) desired reserve ratio. B) money multiplier. C) currency multiplier. D) currency drain. E) open market operation.

The demand curve facing a monopolistic competitor is

a. a horizontal line at the market price b. upward sloping c. perfectly elastic d. perfectly inelastic e. downward sloping