A Decrease in the Price of Imported Raw Materials Owing

question 76

True/False

A decrease in the price of imported raw materials owing to appreciation of the $A would shift the AS-curve to the right.

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Definitions:

Atomic Bomb

A weapon of mass destruction that uses nuclear reactions, either fission or a combination of fission and fusion, to release a vast amount of energy, resulting in explosive and destructive force.

Hiroshima

A Japanese city known for being the target of the first atomic bomb used in warfare, dropped by the United States on August 6, 1945, during World War II.

Soviet Union

A socialist state that existed from 1922 to 1991, composed of multiple subnational Soviet republics, and was one of the world's two superpowers during the Cold War, alongside the United States.

Caucasian Race-Equal Privileges

The concept that individuals identified as belonging to the Caucasian race should have the same rights and opportunities as those of other races.