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Author Question: With fixed exchange rates, perfect asset substitutability, and perfect capital mobility A) the LM ... (Read 245 times)

Zoey63294

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on: Jun 30, 2018
With fixed exchange rates, perfect asset substitutability, and perfect capital mobility
 
  A) the LM curve is horizontal.
  B) the LM curve is vertical.
  C) the BP curve is horizontal.
  D) the BP curve is vertical.

Question 2

Under the model of monopolistic competition, a(an) ________ in the number of firms in the industry will cause ________ to ________.
 
  A) increase; average price; decrease
  B) increase; average price; increase
  C) increase; average cost; decrease
  D) decrease; markup; decrease
  E) increase; marginal cost; decrease


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cassie_ragen

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


Zoey63294

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Reply #2 on: Jun 30, 2018
Correct answers!


cassie_ragen

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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