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 _____ for an accountant is between $40,000 and $50,000.

The fed directly sets _____.

The kinked demand curve explains

Unitary inelastic demand is ____.

Relatively inelastic demand is ____.

If demand is perfectly elastic then e is _____.

Perfectly elastic demand curve is a _________ curve.