A Decrease in Per-Unit Production Costs Will Shift the Aggregate

question 113

True/False

A decrease in per-unit production costs will shift the aggregate supply curve leftward.

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Definitions:

Housing Discrimination

The illegal practice of denying individuals or groups the opportunity to rent, buy, or negotiate for housing based on race, color, religion, sex, disability, familial status, or national origin.

Traditional Rule

A long-established guideline or principle that is followed in a specific field or practice.

Legal Responsibility

The obligation to answer for an action or activity within the boundaries of law, which may involve liability for damages or penalties.

Tenancy At Will

A rental agreement in which either the landlord or tenant can terminate the lease at any time with reasonable notice, without a fixed term.