Figure 20-2 -Which of the Following Explains the Movements in Figure 20-2

question 46

Multiple Choice

Figure 20-2

-Which of the following explains the movements in Figure 20-2?

• A)an increase in the U.S.price level
• B)a decrease in the U.S.price level
• C)an appreciation of the U.S.dollar
• D)an expansionary monetary policy

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Definitions:

Unauthorized Agent

An individual who acts on behalf of another party without being granted the legal or official authority to do so.

Respondeat Superior

A legal doctrine holding employers liable for the actions of their employees performed within the scope of their employment.

Agent's Torts

Wrongful acts committed by an agent or employee that result in liability for the employer or principal.

Undisclosed Principal

A situation in a contract where the agent acts on behalf of a principal whose identity is not revealed to the third party.