All of the following factors are held constant when price changes on a demand curve except:

Which of the following is the result of competing through advertising for a monopolistically competitive firm?

A. Long-run average costs shift downward. B. The firm's demand curve become flatter and shifts inward. C. The firm's demand curve keeps the same slope and shifts inward. D. Long-run average costs shift upward.

The goal of expansionary monetary policy is to:

A. reduce interest rates to slow down the economy. B. increase interest rates to slow down the economy. C. increase interest rates to stimulate the economy. D. reduce interest rates to stimulate the economy.