Other Things the Same,which of the Following Is Correct

question 125

Multiple Choice

Other things the same,which of the following is correct?

• A)A decrease in the price level causes the dollar to appreciate.Aggregate demand shifts right.
• B)A decrease in the price level causes the dollar to depreciate.Aggregate demand shifts right.
• C)If speculators lose confidence in the American economy,the dollar appreciates.Aggregate demand shifts right.
• D)If speculators lose confidence in the American economy,the dollar depreciates.Aggregate demand shifts right.

Assess how returns to scale affect long-run average costs.

Interpret the relationship between economies of scale, diseconomies of scale, and long-run cost curves.

Comprehend the relationship between output levels and average/marginal costs.

Grasp the idea of economies and diseconomies of scope.

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Definitions:

Exist

Refers to having actual being or reality.

Contrapositive

A logical statement derived from another by negating and swapping its terms, proving the original statement if true.

Credibility

The quality of being trusted and believed in.

Useless

Lacking usefulness or efficacy; not producing the desired effect or having no practical value.