The long-run supply curve in a constant-cost, perfectly competitive industry is

Which of the following economists first coined the concept of creative destruction?

A) Adam Smith B) Malthus C) Joseph Schumpeter D) Paul Krugman

An appreciation of the U.S. dollar is most likely a result that

A) more dollars are required to obtain foreign currencies. B) the Fed has pursued an expansionary monetary policy. C) U.S. interest rates have increased. D) U.S. bond prices have increased.