A Revaluation Causes Which of the Following to Occur in the Short

question 5

Multiple Choice

A revaluation causes which of the following to occur in the short run in the AS / AD model?

• A)a reduction in net exports
• B)a reduction in the price level
• C)a reduction in output
• D)all of the above
• E) none of the above

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Definitions:

Margin of Error

A statistic expressing the amount of random sampling error in a survey's results, defining a range within which the true population parameter is expected to lie with a certain level of confidence.

Normally Distributed

Describes a statistical distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Standard Deviation

A measure of the amount of variance or dispersion of a set of values, indicating how much the values in a dataset deviate from the mean.

Margin of Error

A statistic expressing the amount of random sampling error in a survey's results.