If it takes more dollars to acquire one unit of a foreign currency,
A) the quantity of U.S. good that the foreign country will by will decrease
B) the foreign currency has depreciated.
C) the dollar has depreciated.
D) the dollar has appreciated.
C
Economics
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Which of the following indicates when Stage I ends and Stage II begins in the short-run production?
A) when AP = 0 B) when MP = 0 C) when MP = AP D) when MP starts to diminish
Economics
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the short run would be:
A. P1 and Y2. B. P2 and Y3. C. P3 and Y1. D. P2 and Y2.
Economics