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Author Question: Compared with a monopolist, the demand curve faced by a monopolistically competitive firm is A) ... (Read 121 times)

tiara099

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on: Jun 29, 2018
Compared with a monopolist, the demand curve faced by a monopolistically competitive firm is
 
  A) more elastic.
  B) more inelastic.
  C) perfectly elastic.
  D) perfectly inelastic.

Question 2

According to Keynesian economics, if there are unutilized resources in the economy and aggregate demand decreases
 
  A) real GDP will rise and price level will remain constant.
  B) real GDP will fall and price level will remain constant.
  C) real GDP will rise and price level will rise.
  D) real GDP will rise and price level will fall.


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britb2u

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


tiara099

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  • Posts: 588
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

kthug

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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