A long-standing charge against intermediaries is that they mark up prices beyond the ________.

A supply curve that has a __________ slope represents a more elastic supply curve.

All other things equal, according to the law of demand, when the price of a good falls, ________.

During a recession, spending on ________ tends to fall more dramatically than spending on ________.

In monopolistic competition, the long-run equilibrium price _____ marginal cost because _____.

The rate of unemployment that occurs when the economy is producing its potential gdp _____.

The price elasticity of demand measures _______.

Macroeconomics is the theory of ________.

The kinked demand curve explains

Unitary inelastic demand is ____.

Relatively inelastic demand is ____.