When the dollar depreciates, this shifts the AD curve rightward and the SRAS curve leftward, leading to a higher price level
Indicate whether the statement is true or false
True
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When the price of a Caesar salad is $5.00, the demand for Caesar salads is elastic, and when the price is $4.00, the demand is inelastic. If Mike's Roadside Restaurant cuts the price from $5.00 to $4.00, its total revenue from Caesar salads ________
A) will increase B) will decrease C) will remain the same D) might increase, decrease, or remain the same
An unexpected import restriction imposed on mangoes by the USDA
A) will reduce the price of mangoes in the United States. B) will increase the price of mangoes in the United States. C) will discourage American producers of mangoes. D) will reduce the price of mango juice in the United States.
In general, when people talk about investing, they mean that they:
A. hold stocks or bonds. B. have lent their money to someone who will use it to buy physical capital. C. have put money in the stock market. D. All of these statements are true.
Since the 1960s, development proceeded without many natural resources in
A. Canada. B. Japan. C. Saudi Arabia. D. all of the options are correct.