Figure 36-6
?
In Figure 36-6, which of the following will cause a movement from equilibrium at point A to equilibrium at point C?
A. An appreciation of the dollar
B. A depreciation of the dollar
C. An appreciation of the Japanese yen
D. An increase in the U.S. price level
Answer: A
You might also like to view...
The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.
A perfectly elastic demand curve is
a. a vertical straight line b. a horizontal straight line c. a downward-sloping straight line d. an upward-sloping straight line e. not a straight line
A firm's average fixed cost curve is: a. U-shaped
b. a curve that increases as output expands. c. a vertical line. d. a curve that declines as output expands and approaches the X-axis when output is very large.
For a perfectly competitive firm, the long-run supply curve is the long-run average cost curve
a. True b. False Indicate whether the statement is true or false