An increase in the price level causes the aggregate supply curve to shift to another supply schedule.

A rise in domestic productivity tends to __________ domestic prices and causes the dollar to __________ relative to foreign currencies

A) raise; appreciate B) raise; depreciate C) lower; appreciate D) lower; depreciate

The rate of production that maximizes the positive difference between total revenues and total costs is the

A) profit-maximizing rate of production. B) rate of production at which marginal revenue equals marginal product. C) rate of production at which marginal revenue equals average revenue. D) rate of production at which average revenue equals average total cost.