As the degree of product differentiation increases among the products sold in a monopolistically competitive industry, which of the following occurs?

New loans made = 1000. Fractional reserve ratio is 1/3, by how much deposits will grow?

Which one of the following is not an assumption of Marshall’s Cardinal Utility Analysis ?

If the sum of the product of the deviation of X and Y from their means is zero, the correlation coefficient between X and Y is:

In a market economy

Based on the sticky-price model, the short-run aggregate supply curve will be steeper, the greater the_____

   Consider the following production function

Y = F(K,AL) = K^1/3(AL)^2/3

If, C = 250 + 0.5 (Y-T) , I = 250-500i, i=0.1 and G=T= 300. What will be the equilibrium level of income?

By _____________ economists refer to an unanticipated inflation that reduces the real value of outstanding government debt.