In the very short run

Which of the following is NOT a characteristic of Monopolistic Competition?

A complement good has what kind of elasticity?

Which of the following refers to the situation that occurs when a currency is "pegged"?

A period of ____ economic expansion

Short-term fluctuations in the economy relative to the long-term trend in output is called

Reserves in the banking system ______. banks ______ loans.

It is the __________________ that gives fiat money it value.

Excess reserves are a bank's _____ reserves minus its _____ reserves.

Except for one point, the short run average cost must always be ________ the long run average cost.

Examples of physical capital are ______. examples of financial capital are ______.