When the dollar appreciates, the cost to Americans of foreign goods
A. rises and the CPI falls.
B. rises and the CPI rises.
C. falls and the CPI rises.
D. falls and the CPI falls.
Answer: D
Economics
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In the above table, the average variable cost of producing 14 units of output is
A) $0.175. B) $5.71. C) $7.86. D) $10.00.
Economics
Everything else held constant, if aggregate output is to the left of the IS curve, then there is an excess ________ of goods which will cause aggregate output to ________
A) supply; fall B) supply; rise C) demand; fall D) demand; rise
Economics