The figure above shows the market for coffee. When the efficient quantity of coffee is produced, the marginal social cost of the last pound is

Which of the following is most likely to cause the long-run aggregate supply curve to shift rightward?

a. A rise in energy prices b. A drop in the actual price level c. An increase in the demand for leisure hours d. An increase in the level of investment spending that is less than the depreciation of the capital stock e. A technological breakthrough with widespread practical applications

A "near money" is an asset that can be

a. indistinguishable from commodity money. b. spent easily. c. a close substitute for money. d. only issued by a bank.