Answer: does not change real variables.
Explanation:
Monetary Neutrality is the idea that a change in the money stock affects only nominal variables in the economy like wages, prices, and exchange rates, and has no effect on real variables, like real GDP, employment, and real consumption.
When money is neutral and the velocity is stable, a rise in money supply will create a proportional increase in the price level and the nominal output.
Answer:
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Answer:
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Explanation:
Answer:
Oligopoly.
Explanation:
The market structure in which the behavior of any given firm depends on the behavior of the other firms in the industry is oligopoly.
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
<em>The characteristics of an oligopolistic market structure are;</em>
<em>1. Mutual interdependence between the firms. </em>
<em>2. Market control by many small firms.</em>
<em>3. Difficult entry to new firms. </em>
