A decrease in the price level will shift the money demand curve to the ________, causing the nominal interest rate to ________

In recent years, the price of smartphones has fallen, while the quantity exchanged of smartphones has risen. We can conclude that this is most likely a result of

A) a decrease in supply while demand remained constant. B) an increase in demand while supply remained constant. C) an increase in demand that exceeded an increase in supply. D) an increase in supply that exceeded an increase in demand.

To what extent can changes in the rate of technological progress cause permanent changes in the rate of growth of output per worker? Explain

What will be an ideal response?