A decrease in the U.S. money supply leads to _________ in thevalue of the U.S. dollar and __________ in the value of foreigncurrency.
an increase; a decrease
an increase; an increase
a decrease, a decrease
a decrease; an increase
For a monopolistically competitive market, the relationshipbetween product price and the number of firms is negative. Thecurve is negatively sloped because
Group of answer choices
more firms can overpower and exploit workers, yielding low wagesand consequently low prices.
more firms give rise to more intense competition, and hence alower price.
a lower price attracts consumers, enabling more firms to enterthe market.
product quality is "watered down" when there are many firms,thus necessitating a lower price.
A decrease in the U.S. money supply leads to _________ in the value of the U.S. dollar and __________ in the value of fo
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am