If the value of the domestic currency depreciates:
a. Aggregate demand rises and aggregate supply falls.
b. Aggregate demand rises, but aggregate supply does not change.
c. Aggregate demand falls and aggregate supply rises.
d. Aggregate demand rises and aggregate supply rises.
e. Aggregate demand falls and aggregate supply falls.
.A
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Julie works part-time for economic reasons. She would be considered
A) an involuntary part-time worker. B) a discouraged worker. C) a job seeker. D) not in the labor force. E) unemployed as calculated by the Bureau of Labor statistics.
The Tiebout model can be summarized as "voting with the invisible hand."
A. True B. False C. Uncertain
Whether or not a production process shows economies of scale depends on
A. the number of inputs used. B. technology. C. technology and input prices. D. technology and output prices.
If price elasticity is greater than one, then demand is said to be elastic
Indicate whether the statement is true or false