Consider the Basic AD/AS Model

question 20

Multiple Choice

Consider the basic AD/AS model. If their unit costs rise as output increases, price- taking firms will be prepared to produce only if .

• A)their current output; prices increase
• B)more; prices decrease
• C)less; prices increase
• D)more; prices increase
• E)more; the economy is in equilibrium

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Definitions:

Substance Use

The consumption of drugs or other chemicals that affect the mind or body, which can range from moderation to dependency.

Romantic Relationships

Emotional and physical affiliations between individuals that often involve love, intimacy, or strong emotional bonds.

Predictors

Variables or indicators that are used to forecast or anticipate future events or outcomes based on current or past data.

Negative Consequences

are unfavorable results or impacts that arise due to an action or decision.